The minority game: An economics perspective

This paper gives a critical account of the minority game literature. The minority game is a simple congestion game: players need to choose between two options, and those who have selected the option chosen by the minority win. The learning model proposed in this literature seems to differ markedly from the learning models commonly used in economics. We relate the learning model from the minority game literature to standard game-theoretic learning models, and show that in fact it shares many features with these models. However, the predictions of the learning model differ considerably from the predictions of most other learning models. We discuss the main predictions of the learning model proposed in the minority game literature, and compare these to experimental findings on congestion games.Comment: 30 pages, 4 figure

The relation between movement parameters and motor learning.

In a recent paper, Flament et al (1999) studied the learning to flex the elbow fast. They concluded from their data that time-related parameters (e.g. movement time) changed faster during learning than magnitude-related parameters (e.g. peak velocity), and discussed this finding in terms of neural substrates responsible for the apparently different learning mechanisms. In this note, I will argue that finding different time constants does not imply different learning mechanisms. I will give a theoretical example of the development of parameters during learning to move faster. Despite the fact that I model only one learning process, various kinematic parameters show different time courses of learning. The differences the model predicts are comparable with the experimental results