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Almost-Rational Learning of Nash Equilibrium without Absolute Continuity
Norman, Thomas - Department of Economics, Oxford University - 2012
If players learn to play an infinitely repeated game using Bayesian learning, it is known that their strategies eventually approximate Nash equilibria of the repeated game under an absolute-continuity assumption on their prior beliefs.  We suppose here that Bayesian learners do not start with...
Persistent link: https://www.econbiz.de/10011004151
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Limits to Rational Learning
Levy, Yehuda - Department of Economics, Oxford University - 2014
A long-standing open question raised in the seminal paper of Kalai and Lehrer (1993) is whether or not the play of a repeated game, in the rational learning model introduced there, must eventually resemble play of exact equilibria, and not just play of approximate equilibria as demonstrated...
Persistent link: https://www.econbiz.de/10011004368
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Loss of skills in coordination games
Flesch, J.; Schoenmakers, G.; Vrieze, O. - In: International Journal of Game Theory 40 (2011) 4, pp. 769-789
Persistent link: https://www.econbiz.de/10009399911
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Game Theory: An Introduction
Tadelis, Steven - Princeton University Press
This comprehensive textbook introduces readers to the principal ideas and applications of game theory, in a style that … information. He covers a host of topics, including multistage and repeated games, bargaining theory, auctions, rent-seeking games …, mechanism design, signaling games, reputation building, and information transmission games. Unlike other books on game theory …
Persistent link: https://www.econbiz.de/10010681117
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Game Theory: An Introduction
Tadelis, Steven - Princeton University Press
This comprehensive textbook introduces readers to the principal ideas and applications of game theory, in a style that … information. He covers a host of topics, including multistage and repeated games, bargaining theory, auctions, rent-seeking games …, mechanism design, signaling games, reputation building, and information transmission games. Unlike other books on game theory …
Persistent link: https://www.econbiz.de/10010681701
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Analysis of Strategies to Promote Cooperation in Distributed Service Discovery
Martínez-Canovas, Guillem; Val, Elena Del; Botti, Vicente - Estructura de Recerca Interdisciplinar Comportament … - 2014
New systems can be designed, developed, and managed as societies of agents that interact with each other by offering and providing services. These systems can be viewed as complex networks where nodes are bounded rational agents. In order to deal with complex goals, they require the cooperation...
Persistent link: https://www.econbiz.de/10010772260
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Compressed Equilibrium in Large Repeated Games of Incomplete Information
Kalai, Ehud; Shmaya, Eran - Center for Mathematical Studies in Economics and … - 2013
Due to their many applications, large Bayesian games have been a subject of growing interest in game theory and related … player types are independent and (3) assume that the number of players is known. The current paper develops a general theory …
Persistent link: https://www.econbiz.de/10010659195
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Explicit Formulas for Repeated Games with Absorbing States
Laraki, Rida - HAL - 2009
Explicit formulas for the asymptotic value and the asymptotic minmax of finite discounted absorbing games are provided. New simple proofs for the existence of the limits when the players are more and more patient (i.e. when the discount factor goes zero) are given. Similar characterizations for...
Persistent link: https://www.econbiz.de/10008793683
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Understanding Fixed Point Theorems
Arnold, Lutz G. - Wirtschaftswissenschaftliche Fakultät, Universität … - 2003
Fixed point theorems are the standard tool used to prove the existence of equilibria in mathematical economics. This paper shows how to prove a slight generalization of Brouwer's and Kakutani's fixed point theorems using the familiar techniques of drawing and shifting curves in the plane and is,...
Persistent link: https://www.econbiz.de/10005607526
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Die Analyse der Rationalität im Verhalten von Stakeholdern des Agribusiness anhand eines Experiments
Steinhorst, Martin P.; Bahrs, Enno - Gesellschaft für Wirtschafts- und Sozialwissenschaften … - 2011
Ziel des Beitrags ist es, die Rationalität von Stakeholdern des Agribusiness mit einem Entscheidungsexperiment zu analysieren. Dazu wurden Landwirte und Agrarhändler3 gebeten, Lotterielose zu bewerten. So konnte die Konsistenz im Risikoverhalten und die Präzision im Umgang mit Information...
Persistent link: https://www.econbiz.de/10009326502