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Crowd-anticrowd model of the Minority Game

M. Hart·P. Jefferies·N. F. Johnson·P. M. Hui
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Abstract

We provide a theoretical description of the Minority Game in terms of crowd effects. The size of the fluctuations arising in the game is controlled by the interplay between crowds of like-minded agents and their anti-correlated partners (anticrowds). The theoretical results are in good agreement with the numerical simulations over the entire parameter range of interest.

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M. Hart, P. Jefferies, N. F. Johnson, P. M. Hui. 2000-03-30. Crowd-anticrowd model of the Minority Game. https://arxiv.org/abs/cond-mat/0003486

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