El Farol Bar problem

ID: el-farol-bar-problem

The El Farol Bar problem is a concept in game theory and complex systems that illustrates a scenario where individuals face a decision-making problem influenced by the actions of others. It was introduced by economist Brian Arthur in the context of studying adaptive behavior in economic environments. ### The Scenario: The setup involves a bar called El Farol, which can accommodate a limited number of patrons (say, 60 people) comfortably.

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