El Farol revisited
This article is concerned with the global behavior of agents in the El Farol bar problem. In particular, we discuss global attendance in terms of its mean and variance, and show that there is a strong dependence of both on the externally imposed comfort level. We present a possible interpretation fo...
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Published in: | Physica A Vol. 346; no. 3; pp. 651 - 656 |
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Main Authors: | , , , , |
Format: | Journal Article |
Language: | English |
Published: |
Elsevier B.V
15-02-2005
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Subjects: | |
Online Access: | Get full text |
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Summary: | This article is concerned with the global behavior of agents in the El Farol bar problem. In particular, we discuss global attendance in terms of its mean and variance, and show that there is a strong dependence of both on the externally imposed comfort level. We present a possible interpretation for the observed behavior, and propose that the mean attendance converges to the
perceived threshold value as opposed to the actually imposed one. |
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ISSN: | 0378-4371 1873-2119 |
DOI: | 10.1016/j.physa.2004.09.040 |