Title of article
Shedding light on El Farol
Author/Authors
Damien Challet، نويسنده , , M. Marsili، نويسنده , , Gabriele Ottino، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2004
Pages
14
From page
469
To page
482
Abstract
We mathematize El Farol bar problem and transform it into a workable model. We find general conditions on the predictor space under which the convergence of the average attendance to the resource level does not require any intelligence on the side of the agents. Secondly, specializing to a particular ensemble of continuous strategies yields a model similar to the Minority Game. Statistical physics of disordered systems allows us to derive a complete understanding of the complex behavior of this model, on the basis of its phase diagram.
Journal title
Physica A Statistical Mechanics and its Applications
Serial Year
2004
Journal title
Physica A Statistical Mechanics and its Applications
Record number
869039
Link To Document