Physics – Physics and Society
Scientific paper
2007-08-27
Physics
Physics and Society
Scientific paper
The minority game is a simple congestion game in which the players' main goal is to choose among two options the one that is adopted by the smallest number of players. We characterize the set of Nash equilibria and the limiting behavior of several well-known learning processes in the minority game with an arbitrary odd number of players. Interestingly, different learning processes provide considerably different predictions.
Kets Willemien
Voorneveld Mark
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