Crowd-anticrowd theory of the Minority Game
Condensed Matter
2009-10-31 v1 Adaptation and Self-Organizing Systems
Abstract
The Minority Game is a simple yet highly non-trivial agent-based model for a complex adaptive system. Despite its importance, a quantitative explanation of the game's fluctuations which applies over the entire parameter range of interest has so far been lacking. We provide such a quantitative description based on the interplay between crowds of like-minded agents and their anti-correlated partners (anticrowds).
Keywords
Cite
@article{arxiv.cond-mat/0005152,
title = {Crowd-anticrowd theory of the Minority Game},
author = {M. Hart and P. Jefferies and N. F. Johnson and P. M. Hui},
journal= {arXiv preprint arXiv:cond-mat/0005152},
year = {2009}
}
Comments
Shortened version of cond-mat/0003486. Submitted for publication