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El Farol


"El Farol" is a composition.

Printed encyclopedias and other books with definitions for El Farol

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Google previewAlgorithmic Game Theory (2013)

6th International Symposium, SAGT 2013, Aachen, Germany, October 21-23, 2013, Proceedings by Berthold Vöcking

El Farol is a tapas bar in Santa Fe. Every Friday night, a population of people decide whether or not to go to the bar. If too many people go, they will all have a worse time than if they stayed home, since the bar will be too crowded. That is a ...

Google previewGame Theory (2014)

A Nontechnical Introduction to the Analysis of Strategy Third Edition by Roger A McCain

The El Farol Game illustrates this. El Farol is a bar in Santa Fe, New Mexico, ...

Google previewBounded rationality and heterogeneity in economic dynamic models (2007)

by Pietro Dino Enrico Dindo

El Farol is a bar where a live music show takes place on a fixed day, say Thursday, every week. There are 100 people who would like to go to the bar on Thursday evening, but the El Farol bar is not big enough for all of them. In fact, the bar is ...

Google previewThe Warren Buffett Portfolio (2000)

Mastering the Power of the Focus Investment Strategy by Robert G. Hagstrom

THE EL FAROL PROBLEM El Farol is a bar near the Santa Fe Institute that used to feature ...

Google previewEncyclopedia of Machine Learning (2011)

by Claude Sammut, Geoffrey I. Webb

Inductive reasoning and bounded rationality: The El Farol problem. American Economic Review, , –. Arthur, W. B., Holland, J. H., LeBaron, B., Palmer, R. G., & Talyer, P. (). Asset pricing under endogenous expectations in an artificial stock ...

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