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This book examines a conceptual framework for studying strategic learning. Topics include interactive learning problem …; reinforcement and regret; equilibrium; conditional no-regret learning; prediction, postdiction, and calibration; fictitious play and … its variants; Bayesian learning; and hypothesis testing. …
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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 …
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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 …
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