1999
DOI: 10.1007/s100510050843
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Competition, efficiency and collective behavior in the “El Farol” bar model

Abstract: Abstract. The El Farol bar model, proposed to study the dynamics of competition of agents in a variety of contexts (W. B. Arthur, Amer. Econ. Assoc. Pap. and Proc. 84, 406 (1994)) is studied. We characterize in detail the three regions of the phase diagram (efficient, better than random and inefficient) of the simplest version of the model (D. Challet and Y.-C. Zhang, Physica A, 246, 407 (1997)). The efficient region is shown to have a rich structure, which is investigated in some detail. Changes in the payoff… Show more

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Cited by 45 publications
(46 citation statements)
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“…It was found, that the properties of the game depend on the memory length M and number of players N through the scaling variable α = 2 M /N [4,6,7]. The Minoriry game was thoroughly studied both numerically and analytically [8][9][10][11][12][13][14][15][16][17][18][19] along with the study of the original bar attendance problem [20,21] and various modifications of the Minority game [22][23][24][25][26][27][28][29] An important role is attributed to the observation that the dynamics of the memorized pattern and the strategies' scores are in certain regimes decoupled [30][31][32] and that the thermal noise can ge introduced in the players' decisions [33][34][35].…”
Section: Introductionmentioning
confidence: 99%
“…It was found, that the properties of the game depend on the memory length M and number of players N through the scaling variable α = 2 M /N [4,6,7]. The Minoriry game was thoroughly studied both numerically and analytically [8][9][10][11][12][13][14][15][16][17][18][19] along with the study of the original bar attendance problem [20,21] and various modifications of the Minority game [22][23][24][25][26][27][28][29] An important role is attributed to the observation that the dynamics of the memorized pattern and the strategies' scores are in certain regimes decoupled [30][31][32] and that the thermal noise can ge introduced in the players' decisions [33][34][35].…”
Section: Introductionmentioning
confidence: 99%
“…The multi-night bar problem is an abstraction of congestion games (and a variant of the El Farol bar problem [5]) which have been extensively studied [1,5,9,7,14]. In this version of the congestion problem, each agent has to determine which day in the week to attend a bar.…”
Section: Congestion Problemsmentioning
confidence: 99%
“…This leads to modifying Eq. (9), that for agent i and action b leads to a weighted team reward D WT :…”
Section: Ant Reward With Weighted Teamsmentioning
confidence: 99%
“…Researchers have also studied the dynamics of the bar problem to investigate economic properties like competition, cooperation and collective behavior and especially their relationship to market e ciency 64,141,232]. 20 …”
Section: El Farol Bar Problemmentioning
confidence: 99%
“…To concentrate more precisely on the issue of COIN initialization, we ran subsequent experiments on variants of Arthur's famous \El Farol bar problem" (see Section 3). To facilitate the analysis we modi ed Arthur's original problem to be more general, and since we were not interested in directly comparing our results to those in the literature, we used a more conventional (and arguably \dumber")machine learning algorithm than the ones investigated in 4,47,50,64].…”
Section: Coin Initializationmentioning
confidence: 99%