Shedding light on El Farol
- Challet, Damien Theoretical Physics, Oxford University, Oxford, UK
- Marsili, M. International Center for Theoretical Physics, Trieste, Italy
- Ottino, Gabriele Physics Department, University of Fribourg, Switzerland
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15.10.2003
Published in:
- Physica A: Statistical Mechanics and its Applications. - 2004, vol. 332, p. 469-482
English
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.
- Faculty
- Faculté des sciences et de médecine
- Department
- Département de Physique
- Language
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- English
- Classification
- Physics
- License
- License undefined
- Identifiers
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- RERO DOC 4251
- DOI 10.1016/j.physa.2003.06.003
- Persistent URL
- https://folia.unifr.ch/unifr/documents/299806
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