Minority Game - Experiments and Simulations

T. Chmura (), T. Pitz and M. Schreckenberg
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T. Chmura: University of Bonn, Laboratory of Experimental Economics
T. Pitz: University of Bonn, Laboratory of Experimental Economics
M. Schreckenberg: University Duisburg-Essen, Physics of Transport and Traffic

A chapter in Traffic and Granular Flow ’03, 2005, pp 305-315 from Springer

Abstract: Summary The paper reports laboratory experiments on a minority game with two routes. 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 both roads. The road which the minority of players chose got positive payoffs. Two treatments with 6 sessions each were run at the Laboratory of Experimental Economics at Bonn University. Feedback was given in treatment I only about own travel time and in treatment II on travel time for road A and road B.

Keywords: minority game; travel behaviour research; information in intelligent transportation systems; laboratory experiments; payoff sum model (search for similar items in EconPapers)
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-540-28091-0_29

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DOI: 10.1007/3-540-28091-X_29

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