Sasidevan, V.; Dhar, Deepak - In: Physica A: Statistical Mechanics and its Applications 402 (2014) C, pp. 306-317
We propose an analytically tractable variation of the minority game in which rational agents use probabilistic strategies. In our model, N agents choose between two alternatives repeatedly, and those who are in the minority get a pay-off 1, others zero. The agents optimize the expectation value...