Crowd-anticrowd model of the Minority Game
arXiv:cond-mat/0003486
Abstract
We provide a theoretical description of the Minority Game in terms of crowd effects. The size of the fluctuations arising in the game is controlled by the interplay between crowds of like-minded agents and their anti-correlated partners (anticrowds). The theoretical results are in good agreement with the numerical simulations over the entire parameter range of interest.
Revtex file + 5 postscript figures