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We study the evolution of preferences under perfect and almost perfect observability in symmetric 2-player games. We demonstrate that if nature can choose from a sufficiently general preference space, which includes preferences over outcomes that may depend on the opponent's preference-type,...
Persistent link: https://www.econbiz.de/10008483522
Persistent link: https://www.econbiz.de/10005409153
A stochastic myopic best-reply dynamics is said to have property (W), for a given number of players n, if every pure weakly dominated strategy in every n-player game is eliminated in the long-run distribution of play induced by the dynamics. In this paper I give a necessary and sufficient...
Persistent link: https://www.econbiz.de/10009195086