This is a Visualization of the El Farol Bar Problem in Game Theory.
The basic idea is that a specific number of people want to go to the Bar named "El Farol" on a specific day (like Thursday night). They can decide to go to the bar or to stay at home. But if the bar is too crowded the people are unhappy. The maximum number indicating when the bar attendees are unhappy can be called as capacity or threshold of the bar.
So the people might need a specific strategy to determine when to go to the bar. There are different ways to define a strategy. If everyone uses the same Pure Strategy, they are certain to fail. So using a probabilistic Mixed Strategy is a better call. Some strategies can depend on the attendance of past weeks to use in their strategy. The strategies which worked or would have worked in the past weeks, are more likely to be used in the next week.
Broader Game Theory Introduction:
# Learning Objectives of the El Farol Bar Problem
- explain the concept of congestion games
Press the left button to start a Visualization of the El Farol Bar Problem where the people go to the bar by a certain percentage. Press the right button to start a Visualization of the El Farol Bar Problem with agents having randomized strategies and even you can make predictions and try to get better than the other agents.