The Minority Game: a statistical physics perspective
David Sherrington
TL;DR
This paper reviews the minority game, a model inspired by speculative markets, focusing on its complex many-body behavior and analytical results from a statistical physics perspective.
Contribution
It provides a detailed analysis of the minority game using statistical physics methods, emphasizing analytic insights over real-world applications.
Findings
Analytic solutions for the minority game behavior
Insights into phase transitions in the model
Understanding of collective dynamics in agent-based systems
Abstract
A brief review is given of the minority game, an idealized model stimulated by a market of speculative agents, and its complex many-body behaviour. Particular consideration is given to analytic results for the model rather than discussions of its relevance in real-world situations.
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Taxonomy
TopicsOpinion Dynamics and Social Influence · Complex Systems and Time Series Analysis · Complex Network Analysis Techniques