What is this pattern called in Javascript? does it have a name?

Question

component.js

var component = (function(){

    var self;

    var default_options = {
        array_option : [],
        string_option : "default"
    };

    return {

        other_function: function(args) {

        },
        init: function(options) {
            self = this;

            // merge in user options 
            for (var attr in options) { 
                if (options.hasOwnProperty(attr)) {
                    self.o[attr] = options[attr];
                }
            }            

            /***
             * Initialize component
             */

            self.other_function(args);
        }
   };

})();

then in the html

<script src="component.js"></script>
<script>
    // init the component
    component.init({
        array_option : [1,2,3],
    });
</script>

The reason I ask is I have seen it by example and thought it made sense, but is their any reading on why this is good practice? is this Object-Oriented Javascript?

if this IS OO javascript, does this pattern make prototypal definitions useless?

Good answer to above question

Javascript: Module Pattern vs Constructor/Prototype pattern?

Answer 1

Javascript Module Pattern and yes it attempts to mimic OO Programming with encapsulation