Shedding light on El Farol
نویسندگان
چکیده
منابع مشابه
Collective Behavior of el Farol Attendees
Arthur’s paradigm of the El Farol bar for modeling bounded rationality and inductive behavior is undertaken. The memory horizon available to the agents and the selection criteria they utilize for the prediction algorithm are the two essential variables identified to represent the heterogeneity of agent strategies. The latter is enriched by including various rewarding schemes during decision mak...
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Human decision behaviour with there modelling has been an area of research for a number of years in many different disciplines. The idea of this paper is to model human characteristics in a computer based game environment (minority games). In order to prove our hypotheses of non rational behaviour decision in game theory, a simulation of the well known El-Farol game is introduced and analysed. ...
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Arthur’s ‘El Farol Bar Problem’ (Arthur (1994)) is a metaphor of a complex economic systems’ model based on interaction and it is perfectly suited for the multi-agent simulation framework. It is a limited resource model in which agents are boundedly rational and where no solution can be deduced a priori. In this paper we discuss in particular the implementation of the model in NetLogo, a multi-...
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ژورنال
عنوان ژورنال: Physica A: Statistical Mechanics and its Applications
سال: 2004
ISSN: 0378-4371
DOI: 10.1016/j.physa.2003.06.003