Minority Game - Experiments and Simulations of Traffic Scenarios

Thorsten Chmura () and Thomas Pitz

Bonn Econ Discussion Papers from University of Bonn, Germany

Abstract: This paper reports laboratory experiments and simulations on a minority game. The minority game is the most important example for a classic non-zerosum- game. The game can be applied on different situations with social and economic contests. We chose an elementary traffic scenario, in which subjects had to choose between a road A and a road B. Nine subjects participated in each session. Subjects played 100 rounds and had to choose between one of the roads. The road which the minority of players chose got positive payoffs. We constructed an extended reinforcement model which fits the empirical data.

New Economics Papers: this item is included in nep-exp and nep-gth
Date: 2004-12
View list of references View citations in EconPapers

Downloads: (external link)
ftp://web.bgse.uni-bonn.de/pub/RePEc/bon/bonedp/bgse23_2004.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:bon:bonedp:bgse23_2004

Access Statistics for this paper

More papers in Bonn Econ Discussion Papers from University of Bonn, Germany
Address: Bonn Graduate School of Economics, University of Bonn, Adenauerallee 24 - 26, 53113 Bonn, Germany
Series data maintained by Daniel Park ().