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We consider processes in which new technologies and forms of behavior are transmitted through social and geographic networks Agents adopt behaviors based on a combination of their inherent payoff and their local popularity (the number of neighbors who have adopted them) subject to some random...
Persistent link: https://www.econbiz.de/10010293480
Although there exist learning processes for which the empirical distribution of play comes close to Nash equilibrium it is an open question whether the players themselves can learn to play equilibrium strategies without assuming that they have prior knowledge of their opponents' strategies...
Persistent link: https://www.econbiz.de/10010293493