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Consider a repeated game where all players follow no-regret strategies by reinforcing the actions that they regret not having played enough in the past. We show that a resulting no-regret dynamic approaches in the long run a best-response dynamic and leads to its invariant sets: rest points...
Persistent link: https://www.econbiz.de/10008493790
Potential based no-regret dynamics are shown to be related to fictitious play. Roughly, these are epsilon-best reply dynamics where epsilon is the maximal regret, which vanishes with time. This allows for alternative and sometimes much shorter proofs of known results on convergence of no-regret...
Persistent link: https://www.econbiz.de/10010820926
Potential based no-regret dynamics are shown to be related to fictitious play. Roughly, these are ε-best reply dynamics where ε is the maximal regret, which vanishes with time. This allows for alternative and sometimes much shorter proofs of known results on convergence of no-regret dynamics...
Persistent link: https://www.econbiz.de/10011042930
Potential based no-regret dynamics are shown to be related to fictitious play. Roughly, these are epsilon-best reply dynamics where epsilon is the maximal regret, which vanishes with time. This allows for alternative and sometimes much shorter proofs of known results on convergence of no-regret...
Persistent link: https://www.econbiz.de/10010569806