Showing 1 - 10 of 18
simultaneously. We propose a decentralized, completely uncoupled learning process in such environments that leads to stable and … sell-side). This simple and intuitive learning process implements core allocations even though agents have no knowledge of …
Persistent link: https://www.econbiz.de/10010665513
are in the dark about what others are doing and how their own payo s are a ected. This paper analyzes learning behavior in … identify two key features of the players' learning dynamics. First, if a player's realized payoff increases he is less inclined …
Persistent link: https://www.econbiz.de/10010738969
A learning rule is uncoupled if a player does not condition his strategy on the opponent's payoffs. It is radically …, radically uncoupled learning rules whose period-by-period behavior comes arbitrarily close to Nash equilibrium behavior in any …
Persistent link: https://www.econbiz.de/10011599374
version of this idea, called interactive trial and error learning, which has the property that it implements Nash equilibrium …), the method requires no statistical estimation. Unlike a learning procedure proposed by Hart and Mas-Colell (2006), it … requires no knowledge of the other players' actions: learning proceeds purely by responding to one's own payoff history. The …
Persistent link: https://www.econbiz.de/10009441532
simultaneously. We propose a decentralized, completely uncoupled learning process in such environments that leads to stable and … sell-side). This simple and intuitive learning process implements core allocations even though agents have no knowledge of …
Persistent link: https://www.econbiz.de/10010313218
approximately) no matter what learning rule they use. The reason is that, in trying to predict the next-period behavior of an …
Persistent link: https://www.econbiz.de/10005791069
The paper surveys recent work on learning in games and delineates the boundary between forms of learning that lead to …
Persistent link: https://www.econbiz.de/10005047759
A learning rule is uncoupled if a player does not condition his strategy on the opponent's payoffs. It is radically …, radically uncoupled learning rules whose period-by-period behavior comes arbitrarily close to Nash equilibrium behavior in any …
Persistent link: https://www.econbiz.de/10005812747
Persistent link: https://www.econbiz.de/10000946032
A learning rule is uncoupled if a player does not condition his strategy on the opponent's payoffs. It is radically …, radically uncoupled learning rules whose period-by-period behavior comes arbitrarily close to Nash equilibrium behavior in any …
Persistent link: https://www.econbiz.de/10011702986