1998/03/25 by Yi-Cheng Zhang
Physics and Astronomy · #cond-mat.soft #adap-org #cond-mat.dis-nn #nlin.AO
published as Europhysics News (March/April Issue, 1998) · 4 pages, no figures
arxiv created 1998/03/25 · arxiv updated 2009/11/30
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.