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We analyze the problem of coordinating upon asymmetric equilibria in a symmetric game, such as the battle-of-the-sexes. In repeated interaction, asymmetric coordination is possible possible via symmetric repeated game strategies. This requires that players randomize initially and adopt a...
Persistent link: https://www.econbiz.de/10005407601
What modern game theorists describe as 'fictitious play' is not the learning process George W. Brown defined in his …
Persistent link: https://www.econbiz.de/10005062395
Fictitious play is the classical myopic learning process, and games with strategic complementarities are an important …
Persistent link: https://www.econbiz.de/10005407536
Fictitious play is the oldest and most studied learning process for games. Since the already classical result for zero …
Persistent link: https://www.econbiz.de/10005550859
It is known that every continuous time fictitious play process approaches equilibrium in every nondegenerate 2x2 and 2x3 game, and it has been conjectured that convergence to equilibrium holds generally for 2xn games. We give a simple geometric proof of this.
Persistent link: https://www.econbiz.de/10005550959