Modeling Market Mechanism with Evolutionary Games

Details Modeling Market Mechanism with Evolutionary Games Modeling Market Mechanism with Evolutionary Games

1998-03-25

arxiv.org/abs/cond-mat/9803308v1

Europhysics News (March/April Issue, 1998)

Physics

Condensed Matter

Soft Condensed Matter

4 pages, no figures

Scientific paper

This is an essay solicited by Europhysics News, published in its March/April
1998 issue with slight modifications. We outline some highlights of the
econophysics models, especially the so-called Minority model of competition and
evolution. Even without the usual math, this essay offers an analytical
solution to the Minority model, revealing some key features of the solution.

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