Crowd-anticrowd theory of the minority game

被引:60
作者
Hart, M
Jefferies, P
Johnson, NF
Hui, PM [1 ]
机构
[1] Chinese Univ Hong Kong, Dept Phys, Shatin, Hong Kong, Peoples R China
[2] Univ Oxford, Dept Phys, Oxford OX1 3PU, England
来源
PHYSICA A | 2001年 / 298卷 / 3-4期
关键词
complex adaptive systems; econophysics; agent-based models;
D O I
10.1016/S0378-4371(01)00245-X
中图分类号
O4 [物理学];
学科分类号
0702 ;
摘要
The Minority Game is a simple yet highly non-trivial agent-based model for a complex adaptive system. Here, we provide an explanation of the game's fluctuations which is both intuitive and quantitative, and which applies over the entire parameter range of interest. The physical idea behind our theory is to describe the interplay between crowds of like-minded agents and their anticorrelated partners (anticrowds). (C) 2001 Elsevier Science B.V. All rights reserved.
引用
收藏
页码:537 / 544
页数:8
相关论文
共 21 条
[1]   Complexity and the economy [J].
Arthur, WB .
SCIENCE, 1999, 284 (5411) :107-109
[2]   Thermal model for adaptive competition in a market [J].
Cavagna, A ;
Garrahan, JP ;
Giardina, I ;
Sherrington, D .
PHYSICAL REVIEW LETTERS, 1999, 83 (21) :4429-4432
[3]   Irrelevance of memory in the minority game [J].
Cavagna, A .
PHYSICAL REVIEW E, 1999, 59 (04) :R3783-R3786
[4]   Phase transition and symmetry breaking in the minority game [J].
Challet, D ;
Marsili, M .
PHYSICAL REVIEW E, 1999, 60 (06) :R6271-R6274
[5]   Statistical mechanics of systems with heterogeneous agents: Minority games [J].
Challet, D ;
Marsili, M ;
Zecchina, R .
PHYSICAL REVIEW LETTERS, 2000, 84 (08) :1824-1827
[6]   On the minority game: Analytical and numerical studies [J].
Challet, D ;
Zhang, YC .
PHYSICA A, 1998, 256 (3-4) :514-532
[7]   Emergence of cooperation and organization in an evolutionary game [J].
Challet, D ;
Zhang, YC .
PHYSICA A, 1997, 246 (3-4) :407-418
[8]   Relevance of memory in minority games [J].
Challet, D ;
Marsili, M .
PHYSICAL REVIEW E, 2000, 62 (02) :1862-1868
[9]  
CHALLET D, 1999, PHYSICA A, V269, P30
[10]  
CHALLET D, CONDMAT9908480