El Farol revisited

Authored by H Lus, CO Aydin, S Keten, HI Unsal, AR Atilgan

Date Published: 2005-02-15

DOI: 10.1016/j.physa.2004.09.040

Sponsors: No sponsors listed

Platforms: No platforms listed

Model Documentation: Other Narrative Mathematical description

Model Code URLs: Model code not found

Abstract

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. (C) 2004 Elsevier B.V. All rights reserved.

Tags

Agent-based modeling Complex systems bar problem