Minority game and Kolkata Paise Restaurant problem

Document Type

Book Chapter

Publication Title

New Economic Windows

Abstract

The minority game (MG) is a simple two choice game (see also Appendix D) played between N players, where the players are required to make a choice between two options at each step. The players ending up in the minority, i.e. choice with fewer people, receive a fixed positive pay off.

First Page

43

Last Page

54

DOI

10.1007/978-3-319-61352-9_5

Publication Date

1-1-2017

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