Really, Should You Go To The Bar? Game Theory's El Farol Problem (Answer)
Sunday, October 24, 2010 - 06:10
in Psychology & Sociology
Yesterday I posted Game Theory's El Farol Bar problem, with a couple questions. (If you haven't read it yet, go back—the answer's no good without the puzzle.) And the truth is there's no answer, or more precisely, there's no pure strategy that works—if everyone decides to go, the bar's too crowded and it's no fun; if everyone decides to stay home, the bar will be empty and it would've been more fun to go. read more