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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. …
Persistent link: https://www.econbiz.de/10002380723
It is known that there are uncoupled learning heuristics leading to Nash equilibrium in all finite games. Why should … players use such learning heuristics and where could they come from? We show that there is no uncoupled learning heuristic …" or that "could learn itself". Rather, a player has an incentive to strategically teach such a learning opponent in order …
Persistent link: https://www.econbiz.de/10010516648
Persistent link: https://www.econbiz.de/10001196492
I present a model of observational learning with payoff interdependence. Agents, ordered in a sequence, receive private … signals about an uncertain state of the world and sample previous actions. Unlike in standard models of observational learning … unbounded strength there is learning in a strong sense: agents' actions are ex-post optimal given both the state of the world …
Persistent link: https://www.econbiz.de/10012900928
It is known that there are uncoupled learning heuristics leading to Nash equilibrium in all finite games. Why should … players use such learning heuristics and where could they come from? We show that there is no uncoupled learning heuristic … that could "learn itself". Rather, a player has an incentive to strategically teach such a learning opponent in order to …
Persistent link: https://www.econbiz.de/10011764914
Persistent link: https://www.econbiz.de/10014314958
Persistent link: https://www.econbiz.de/10014380948
We study extrapolation between games in a laboratory experiment. Participants in our experiment first play either the … are also able to learn structural properties of the games. -- Game Theory ; Learning ; Extrapolation …
Persistent link: https://www.econbiz.de/10008747644
Persistent link: https://www.econbiz.de/10002717285
We study extrapolation between games in a laboratory experiment. Participants in our experiment first play either the …
Persistent link: https://www.econbiz.de/10014187526