Challet, D.; Zhang, Y.-C. - In: Physica A: Statistical Mechanics and its Applications 246 (1997) 3, pp. 407-418
A binary game is introduced and analysed. N players have to choose one of the two sides independently and those on the minority side win. Players use a finite set of ad hoc strategies to make their decision, based on the past record. The analysing power is limited and can adapt when necessary....