Generalized strategies in the minority game

M. Hart, P. Jefferies, N. F. Johnson, P. M. Hui

Research output: Contribution to journalArticlepeer-review

35 Scopus citations


We show analytically how the fluctuations (i.e., standard deviation (Formula presented) in the minority game can decrease below the random coin-toss limit if the agents use more general, stochastic strategies. This suppression of (Formula presented) results from a cancellation between the actions of a crowd, in which agents act collectively and make the same decision, and those of an anticrowd, in which agents act collectively by making the opposite decision to the crowd.

Original languageEnglish (US)
JournalPhysical Review E - Statistical Physics, Plasmas, Fluids, and Related Interdisciplinary Topics
Issue number1
StatePublished - 2001
Externally publishedYes

ASJC Scopus subject areas

  • Statistical and Nonlinear Physics
  • Statistics and Probability
  • Condensed Matter Physics


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