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- El_Farol_Bar_problem abstract "The El Farol bar problem is a problem in game theory. Based on a bar in Santa Fe, New Mexico, it was created in 1994 by W. Brian Arthur.The problem is as follows: There is a particular, finite population of people. Every Thursday night, all of these people want to go to the El Farol Bar. However, the El Farol is quite small, and it's no fun to go there if it's too crowded. So much so, in fact, that the preferences of the population can be described as follows: If less than 60% of the population go to the bar, they'll all have a better time than if they stayed at home. If more than 60% of the population go to the bar, they'll all have a worse time than if they stayed at home.Unfortunately, it is necessary for everyone to decide at the same time whether they will go to the bar or not. They cannot wait and see how many others go on a particular Thursday before deciding to go themselves on that Thursday.One aspect of the problem is that, no matter what method each person uses to decide if they will go to the bar or not, if everyone uses the same pure strategy it is guaranteed to fail. If everyone uses the same deterministic method, then if that method suggests that the bar will not be crowded, everyone will go, and thus it will be crowded; likewise, if that method suggests that the bar will be crowded, nobody will go, and thus it will not be crowded. Often the solution to such problems in game theory is to permit each player to use a mixed strategy, where a choice is made with a particular probability. In the case of the single-stage El Farol Bar problem, there exists a unique symmetric Nash equilibrium mixed strategy where all players choose to go to the bar with a certain probability that is a function of the number of players, the threshold for crowdedness, and the relative utility of going to a crowded or an uncrowded bar compared to staying home. There are also multiple Nash equilibria where one or more players use a pure strategy, but these equilibria are not symmetric. Several variants are considered in.In some variants of the problem, the people are allowed to communicate with each other before deciding to go to the bar. However, they are not required to tell the truth.".
- El_Farol_Bar_problem thumbnail El_Farol_Restaurant_and_Cantina,_Santa_Fe_NM.jpg?width=300.
- El_Farol_Bar_problem wikiPageExternalLink El_Farol.pdf.
- El_Farol_Bar_problem wikiPageExternalLink KolkataPaiseRestaurantKPRProblem.
- El_Farol_Bar_problem wikiPageExternalLink elfarolsf.com.
- El_Farol_Bar_problem wikiPageExternalLink the-minority-game-an-introductory-guide.
- El_Farol_Bar_problem wikiPageExternalLink jabm.sourceforge.net.
- El_Farol_Bar_problem wikiPageExternalLink EASSS_lab_elfarolbar.pdf.
- El_Farol_Bar_problem wikiPageExternalLink Minority-Games-38625.shtml.
- El_Farol_Bar_problem wikiPageExternalLink theme3.py?level=1&index1=117820.
- El_Farol_Bar_problem wikiPageID "2067647".
- El_Farol_Bar_problem wikiPageLength "9495".
- El_Farol_Bar_problem wikiPageOutDegree "22".
- El_Farol_Bar_problem wikiPageRevisionID "669090555".
- El_Farol_Bar_problem wikiPageWikiLink Category:Game_theory.
- El_Farol_Bar_problem wikiPageWikiLink Game_theory.
- El_Farol_Bar_problem wikiPageWikiLink Hospital.
- El_Farol_Bar_problem wikiPageWikiLink Hospitals.
- El_Farol_Bar_problem wikiPageWikiLink Kolkata.
- El_Farol_Bar_problem wikiPageWikiLink Liar_Game.
- El_Farol_Bar_problem wikiPageWikiLink Mixed_strategy.
- El_Farol_Bar_problem wikiPageWikiLink Nash_equilibrium.
- El_Farol_Bar_problem wikiPageWikiLink Noise_trader.
- El_Farol_Bar_problem wikiPageWikiLink Normal-form_game.
- El_Farol_Bar_problem wikiPageWikiLink Paisa.
- El_Farol_Bar_problem wikiPageWikiLink Paise.
- El_Farol_Bar_problem wikiPageWikiLink Payoff_matrix.
- El_Farol_Bar_problem wikiPageWikiLink Pure_strategy.
- El_Farol_Bar_problem wikiPageWikiLink Restaurant.
- El_Farol_Bar_problem wikiPageWikiLink Restaurants.
- El_Farol_Bar_problem wikiPageWikiLink Santa_Fe,_New_Mexico.
- El_Farol_Bar_problem wikiPageWikiLink Service_(economics).
- El_Farol_Bar_problem wikiPageWikiLink Society.
- El_Farol_Bar_problem wikiPageWikiLink Strategy_(game_theory).
- El_Farol_Bar_problem wikiPageWikiLink University_of_Fribourg.
- El_Farol_Bar_problem wikiPageWikiLink W._Brian_Arthur.
- El_Farol_Bar_problem wikiPageWikiLink Wikt:finite.
- El_Farol_Bar_problem wikiPageWikiLink File:El_Farol_Restaurant_and_Cantina,_Santa_Fe_NM.jpg.
- El_Farol_Bar_problem wikiPageWikiLinkText "El Farol Bar problem".
- El_Farol_Bar_problem wikiPageWikiLinkText "minority game".
- El_Farol_Bar_problem hasPhotoCollection El_Farol_Bar_problem.
- El_Farol_Bar_problem wikiPageUsesTemplate Template:Cite_journal.
- El_Farol_Bar_problem wikiPageUsesTemplate Template:Game_theory.
- El_Farol_Bar_problem subject Category:Game_theory.
- El_Farol_Bar_problem hypernym Problem.
- El_Farol_Bar_problem type Disease.
- El_Farol_Bar_problem comment "The El Farol bar problem is a problem in game theory. Based on a bar in Santa Fe, New Mexico, it was created in 1994 by W. Brian Arthur.The problem is as follows: There is a particular, finite population of people. Every Thursday night, all of these people want to go to the El Farol Bar. However, the El Farol is quite small, and it's no fun to go there if it's too crowded.".
- El_Farol_Bar_problem label "El Farol Bar problem".
- El_Farol_Bar_problem sameAs El-Farol-Bar-Problem.
- El_Farol_Bar_problem sameAs Problema_del_bar_%22El_Farol%22.
- El_Farol_Bar_problem sameAs مسئله_سفرهخانه.
- El_Farol_Bar_problem sameAs Problxc3xa8me_du_bar_dEl_Farol.
- El_Farol_Bar_problem sameAs El_Farol_bár_probléma.
- El_Farol_Bar_problem sameAs m.06jv51.
- El_Farol_Bar_problem sameAs Q837497.
- El_Farol_Bar_problem sameAs Q837497.
- El_Farol_Bar_problem sameAs 少数派博弈.
- El_Farol_Bar_problem wasDerivedFrom El_Farol_Bar_problem?oldid=669090555.
- El_Farol_Bar_problem depiction El_Farol_Restaurant_and_Cantina,_Santa_Fe_NM.jpg.
- El_Farol_Bar_problem isPrimaryTopicOf El_Farol_Bar_problem.