Showing 1 - 10 of 1,305
I study the path properties of adaptive heuristics that mimic the natural dynamics of play in a game and converge to the set of correlated equilibria. Despite their apparent differences, I show that these heuristics have an abstract representation as a sequence of probability distributions that...
Persistent link: https://www.econbiz.de/10012015733
Persistent link: https://www.econbiz.de/10003712643
Persistent link: https://www.econbiz.de/10003725548
The implausibility of the extreme rationality assumptions of Nash equilibrium has been attested by numerous experimental studies with human players. In particular, the fundamental social dilemmas such as the Traveler's dilemma, the Prisoner's dilemma, and the Public Goods game demonstrate high...
Persistent link: https://www.econbiz.de/10014157729
Persistent link: https://www.econbiz.de/10000864070
Persistent link: https://www.econbiz.de/10000728261
Persistent link: https://www.econbiz.de/10009306495
Persistent link: https://www.econbiz.de/10009786636
Persistent link: https://www.econbiz.de/10011554571
Persistent link: https://www.econbiz.de/10010390306