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