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Crowd-anticrowd theory of the Minority Game

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

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M. Hart, P. Jefferies, N. F. Johnson, P. M. Hui. 2000-05-09. Crowd-anticrowd theory of the Minority Game. https://doi.org/10.1016/s0378-4371(01)00245-x

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