Is the El Farol more efficient when cognitive rational agents have a larger memory size?

@article{Baccan2014IsTE,
  title={Is the El Farol more efficient when cognitive rational agents have a larger memory size?},
  author={Davi D'Andr{\'e}a Baccan and L. Macedo and E. Sbruzzi},
  journal={2014 IEEE International Conference on Systems, Man, and Cybernetics (SMC)},
  year={2014},
  pages={39-44}
}
Recently, there has been an increasing interest in applying cognitive modelling approaches towards the understanding of the behaviour of agents in complex systems. In this paper we employ a cognitive modelling approach in a representative instance of such systems namely in the El Farol bar problem. We establish a relationship between agents and strategies, by defining the degree of belief of agents in the correctness of strategies, and devise a concept of rationality inspired in cognitive… Expand
2 Citations

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