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Physics  1998 

Irrelevance of memory in the minority game

DOI: 10.1103/PhysRevE.59.R3783

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Abstract:

By means of extensive numerical simulations we show that all the distinctive features of the minority game introduced by Challet and Zhang (1997), are completely independent from the memory of the agents. The only crucial requirement is that all the individuals must posses the same information, irrespective of the fact that this information is true or false.

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