Skip to main content

Abstract

We study the dynamics of some uniform learning strategy limits or a probabilistic version of the “Kolkata Paise Restaurant” problem, where N agents choose among N equally priced but differently ranked restaurants every evening such that each agent can get dinner in the best possible ranked restaurant (each serving only one customer and the rest arriving there going without dinner that evening). We consider the learning to be uniform among the agents and assume that each follow the same probabilistic strategy dependent on the information of the past successes in the game. The numerical results for utilization of the restaurants in some limiting cases are analytically examined.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 139.00
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 179.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 249.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  1. A.S. Chakrabarti, B.K. Chakrabarti, A. Chatterjee, M. Mitra, The Kolkata Paise Restaurant Problem and Resource Utilization, Physica A 388 (2009) 2420–2426

    Article  Google Scholar 

  2. B.K. Chakrabarti, Kolkata Restaurant Problem as a generalised El Farol Bar Problem, in Econophysics of Markets and Business Networks, Eds. A. Chatterjee and B. K. Chakrabarti, New Economic Windows Series Springer, Milan (2007), pp. 239–246

    Chapter  Google Scholar 

  3. D. Challet, M. Marsili, Y.-C. Zhang, Minority Games: Interacting Agents in Financial Markets, Oxford University Press, Oxford (2005)

    Google Scholar 

  4. D. Challet, Model of Financial Market Information Ecology, in Econophysics of Stock and Orther Markets, Eds. A. Chatterjee and B. K. Chakrabarti, Springer, Milan (2006) pp. 101–112

    Chapter  Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 2010 Springer-Verlag Italia

About this paper

Cite this paper

Ghosh, A., Sundar Chakrabarti, A., Chakrabarti, B.K. (2010). Kolkata Paise Restaurant Problem in Some Uniform Learning Strategy Limits. In: Basu, B., Chakravarty, S.R., Chakrabarti, B.K., Gangopadhyay, K. (eds) Econophysics and Economics of Games, Social Choices and Quantitative Techniques. New Economic Windows. Springer, Milano. https://doi.org/10.1007/978-88-470-1501-2_1

Download citation

Publish with us

Policies and ethics