The Interactive Minority Game: Instructions for Experts

Abstract

The Interactive Minority Game (IMG) is an online version of the traditional Minority Game in which human players can enter into competition with the traditional computer-controlled agents. Through the rich (and, importantly, analytically understood) behaviour of the MG, we can explore humans' behaviour in different kinds of market--crowded, efficient, critical--with a high degree of control. To make the game easily understandable even to those who are encountering it for the first time, we have presented the game with a rather simplified interface; in this working paper we explain the underlying technical aspects for those who have experience with the traditional MG.