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Abstract: The work studies the properties of a coordination game in which agents repeatedly compete to be in the population minority. The game reects some essential features of those economic situations in which positive rewards are assigned to individuals who behave in opposition to the modal behavior in a population. Here we model a group of heterogeneous agents who adaptively learn and we investigate the transient and long-run aggregate properties of the system in terms of both allocative and... (Update)
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BibTeX entry: (Update)
@misc{ bottazzi-adaptive,
author = "G. Bottazzi and G. Devetag and G. Dosi and S. Anna",
title = "Adaptive Learning and Emergent Coordination in Minority Games",
url = "citeseer.ist.psu.edu/bottazzi01adaptive.html" }
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Documents on the same site (http://www.unifr.ch/econophysics/minority/papers.html): More
Learning and Emergent Coordination in Speculative.. - Bottazzi, Devetag, Dosi (1999) (Correct)
Toy Models of Markets With Heterogeneous Interacting Agents - Marsili (2001) (Correct)
Modelling markets dynamics: Minority games and beyond - Challet (2000) (Correct)
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