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This paper considers the dynamic evolution of algorithmic (recursive) learning rules in a normal form game. It is shown …
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experience and in which sellers, with private information about their type, choose utility-maximizing signals given these prices …
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we study voluntary contributions games.  We identify two robust features of the players' learning dynamics: search …Many interactive environments can be represented as games, but they are so large and complex that individual players … are in the dark about others' actions and the payoff structure.  This paper analyzes learning behavior in such 'black box …
Persistent link: https://www.econbiz.de/10011158994
In this survey article, we report results on the existence of pure-strategy Nash equilibria in games with an atomless … mixed-strategy Nash equilibria, and settings in which private information, anonymity and idiosyncratic shocks are given …
Persistent link: https://www.econbiz.de/10005776497
Traditional game theoretic analysis proposes backward induction as a model of rational behaviour in games with perfect … information. However, counterintuitive results have cast doubt on the predictive power of the theory. For example, in the …
Persistent link: https://www.econbiz.de/10005245531
If a solution (on a closed family of games) satisfies dummy axiom (DUM) and independance of irrelevant strategies (IIS …
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