Competitive agents in a market: Statistical physics of the minority game

David Sherrington

Physica A: Statistical Mechanics and its Applications, 2007, vol. 384, issue 1, 128-132

Abstract: A brief review is presented of the minority game, a simple frustrated many-body system stimulated by considerations of a market of competitive speculative agents. Its cooperative behaviour exhibits phase transitions and both ergodic and non-ergodic regimes. It provides novel challenges to statistical physics, reminiscent of those of mean-field spin glasses.

Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:eee:phsmap:v:384:y:2007:i:1:p:128-132

DOI: 10.1016/j.physa.2007.04.076

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