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Minority mechanisms in models of agents learning collectively a resource level

2003/12/15 by Damien Challet
Decision Sciences · Economics, Econometrics and Finance · Physics and Astronomy · Social Sciences · #Complex Systems and Time Series Analysis #Experimental Behavioral Economics Studies #Game Theory and Applications #cond-mat.dis-nn #cond-mat.stat-mech

paper · pdf · doi:10.1016/j.physa.2004.06.082

6 pages 1 figure

arxiv created 2003/12/15 · openalex publication_date 2004/07/16 · arxiv updated 2009/12/01 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/29

Abstract

Starting from the Minority Game and building more and more sophisticated models of adaptive agents, we show that minority mechanisms underly any model where agents learn collectively a resource level that can be either obvious and constant in time, obvious and time-varying, or hidden.

Citations