Crowd-anticrowd model of the Minority Game
Hart, M. · Jefferies, P. · Johnson, N. F. · Hui, P. M.
Original · EN
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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