The Interactive Minority Game: Instructions for Experts

TL;DR

The paper introduces the Interactive Minority Game, an online platform allowing humans to compete with computer agents, enabling controlled exploration of human behavior in various market scenarios with a simplified interface.

Contribution

It presents the design and technical details of an interactive version of the Minority Game, facilitating human-computer interaction and behavioral analysis in market models.

Findings

Enables study of human behavior in market simulations

Provides a controlled environment for analyzing crowd dynamics

Offers a simplified, user-friendly interface for new users

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.