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Mathematical Theory of Minority Games, The pbDr. Raymond Phillips learning and thinkingMinority games are simple mathematical models initially designed to understand the co operative phenomena observed in markets. Their core ingredients are large numbers of interacting decision making agents, each aiming for personal gain in an artificial `market' by trying to anticipate (on the basis of incomplete information, and with an element of irrationality) the actions of others. Gain is made by those who subsequently find themselves in the
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