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Game Theory

A collection of 2 posts

#complexity #game theory #nobel prize

Is Game Theory a scientific theory?

A wonderful quote about the nature of Game Theory Game theory is no doubt wonderful for telling stories. However, it flunks the main test of any scientific theory: The ability to make empirically testable predictions. In most real-life situations, many different outcomes -- from full cooperation to near-disastrous conflict -- are consistent with the game-theory version of rationality.  by Michael Mandel, on Kahneman and Smith 2002 Nobel Prize in Economics. ...

Author admin
#Agents #Game Theory #Stock Market

The Minority Game: an introductory guide

Authors: Esteban Moro Book: Advances in Condensed Matter and __Statistical Physics, _E. Korutcheva and R. Cuerno eds. (Nova Science Publishers, New York 2004). LINK | arXiv Abstract: The Minority Game is a simple model for the collective behavior of agents in an idealized situation where they have to compete through adaptation for a finite resource. This review summarizes the statistical mechanics community efforts to clear up and understand the behavior of this model. ...

Author Esteban Moro
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