Journal article

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
    15.10.2003
Published in:
  • Physica A: Statistical Mechanics and its Applications. - 2004, vol. 332, no. 469-480
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
Department
Physique
Language
  • English
Classification
Physics
License
License undefined
Identifiers
Persistent URL
https://folia.unifr.ch/unifr/documents/299806
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