796 citations · 5.3k across the 118 of their papers we have counts for
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Modeling Market Mechanism with Minority Game
Damien Challet, Matteo Marsili, Yi-Cheng Zhang
Using the Minority Game model we study a broad spectrum of problems of market mechanism. We study the role of different types of agents: producers, speculators as well as noise tra…
Exact solution of a modified El Farol's bar problem: Efficiency and the role of market impact
Matteo Marsili, Damien Challet, Riccardo Zecchina
We discuss a model of heterogeneous, inductive rational agents inspired by the El Farol Bar problem and the Minority Game. As in markets, agents interact through a collective aggre…
Statistical mechanics of systems with heterogeneous agents: Minority Games
D. Challet, M. Marsili, R. Zecchina
We study analytically a simple game theoretical model of heterogeneous interacting agents. We show that the stationary state of the system is described by the ground state of a dis…