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Crowd-Anticrowd Theory of Multi-Agent Minority Games

Michael L. Hart·Neil F. Johnson
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Abstract

We present a formal treatment of the Crowd-Anticrowd theory of Minority Games played by a population of competing agents. This theory is built around a description of the crowding which arises within the game's strategy space. Earlier works have shown that this theory provides a simple, yet quantitatively accurate explanation of the time-averaged behavior of these multi-agent games. We also discuss the extent to which the Crowd-Anticrowd approach provides a useful tool for analyzing a wider class of Complex Systems.

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Michael L. Hart, Neil F. Johnson. 2003-02-04. Crowd-Anticrowd Theory of Multi-Agent Minority Games. https://arxiv.org/abs/cond-mat/0212088

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