Modeling Market Mechanism with Evolutionary Games
Soft Condensed Matter
2007-05-23 v1 adap-org
Disordered Systems and Neural Networks
Adaptation and Self-Organizing Systems
Abstract
This is an essay solicited by Europhysics News, published in its March/April 1998 issue with slight modifications. We outline some highlights of the econophysics models, especially the so-called Minority model of competition and evolution. Even without the usual math, this essay offers an analytical solution to the Minority model, revealing some key features of the solution.
Keywords
Cite
@article{arxiv.cond-mat/9803308,
title = {Modeling Market Mechanism with Evolutionary Games},
author = {Yi-Cheng Zhang},
journal= {arXiv preprint arXiv:cond-mat/9803308},
year = {2007}
}
Comments
4 pages, no figures