El Farol Bar problem

id: el-farol-bar-problem-236-10463191
title: El Farol Bar problem
text: The El Farol bar problem is a problem in game theory. Every Thursday night, a fixed population want to go have fun at the El Farol Bar, unless it's too crowded. If less than 60% of the population go to the bar, they'll all have more fun than if they stayed home. If more than 60% of the population go to the bar, they'll all have less fun than if they stayed home. Everyone must decide at the same time whether to go or not, with no knowledge of others' choices. Paradoxically, if everyone uses a det
brand slug: wiki
category slug: encyclopedia
description:
original url: https://en.wikipedia.org/wiki/El_Farol_Bar_problem
date created:
date modified: 2024-02-29T12:47:31Z
main entity: {"identifier":"Q837497","url":"https://www.wikidata.org/entity/Q837497"}
image: {"content_url":"https://upload.wikimedia.org/wikipedia/commons/2/26/El_Farol_Restaurant_and_Cantina%2C_Santa_Fe_NM.jpg","width":2272,"height":1704}
fields total: 13
integrity: 14

Related Entries

Explore Next Part