Revisiting the El Farol Problem: A Cognitive Modeling Approach

@inproceedings{Baccan2012RevisitingTE,
  title={Revisiting the El Farol Problem: A Cognitive Modeling Approach},
  author={Davi D'Andr{\'e}a Baccan and L. Macedo},
  booktitle={MABS},
  year={2012}
}
Decentralized market economies are complex systems that involve large numbers of heterogeneous participants. A good abstraction of this scenario is illustrated by the El Farol problem. In this problem, there is a bar with a fixed capacity and a given number of participants need to choose between either stay at home or go to the bar. However, if the attendance is above or equals the capacity of the bar, it becomes too crowded and the participants who attended did not have fun. In this paper we… Expand
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