  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.
