Phase transition and symmetry breaking in the minority game
- 1 December 1999
- journal article
- research article
- Published by American Physical Society (APS) in Physical Review E
- Vol. 60 (6), R6271-R6274
- https://doi.org/10.1103/physreve.60.r6271
Abstract
We show that the minority game, a model of interacting heterogeneous agents, can be described as a spin system and displays a phase transition between a symmetric phase and a symmetry broken phase where the game’s outcome is predictable. As a result a “spontaneous magnetization” arises in the spin formalism.Keywords
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