Phenomenology of Minority Games in Efficient Regime

Abstract

We present a comprehensive study of utility function of the minority game in its efficient regime. We develop an effective description of state of the game. For the payoff function g(x) = sgn(x) we explicitly represent the game as the Markov process and prove the finitness of number of states. We also demonstrate boundedness of the utility function. Using… (More)
DOI: 10.1142/S0219525909002398

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Cite this paper

@article{Wawrzyniak2009PhenomenologyOM, title={Phenomenology of Minority Games in Efficient Regime}, author={Karol Wawrzyniak and Wojciech Wislicki}, journal={Advances in Complex Systems}, year={2009}, volume={12}, pages={619-639} }