Narrow search
Showing 1 - 10 of 4,230
Cover Image
Bounded rationality in differential games
Beckmann, Klaus - 2017
The present paper proposes a myopic, boundedly rational heuristic for individual decision-making in differential game settings. I demonstrate that this type of behaviour converges to Nash equilibrium in infinitely repeated stage games without a state variable if the stage game is strategically...
Persistent link: https://www.econbiz.de/10011812506
Cover Image
Rationalizability in general situations
Chen, Yi-chun; Luo, Xiao; Qu, Chen - In: Economic theory : official journal of the Society for … 61 (2016) 1, pp. 147-167
Persistent link: https://www.econbiz.de/10011480017
Cover Image
Learning foundation for the cursed equilibrium
Miettinen, Topi - 2008
equilibrium. -- Analogy expectations ; bounded rationality ; curse ; learning …
Persistent link: https://www.econbiz.de/10003803107
Cover Image
Stability of Equilibria in Games with Procedurally Rational Players
Sethi, Rajiv - 1999
One approach to the modeling of bounded rationality in strategic environments is based on the dynamics of evolution and …
Persistent link: https://www.econbiz.de/10014208076
Cover Image
Rage against the machines : how subjects learn to play against computers
Dürsch, Peter; Kolb, Albert; Oechssler, Joerg; … - 2005
We use an experiment to explore how subjects learn to play against computers which are programmed to follow one of a number of standard learning algorithms. The learning theories are (unbeknown to subjects) a best response process, fictitious play, imitation, reinforcement learning, and a trial...
Persistent link: https://www.econbiz.de/10010366554
Cover Image
Rationalizability and Nash Equilibria in Guessing Games
Seel, Christian - 2017
Games in which players aim to guess a fraction or multiple p of the average guess are known as guessing games or (p-)beauty contests. In this note, we derive a full characterization of the set of rationalizable strategies and the set of pure strategy Nash equilibria for such games as a function...
Persistent link: https://www.econbiz.de/10012962808
Cover Image
Nash Equilibrium Without Mutual Knowledge of Rationality
Lo, Kin Chung - 1999
In a Nash equilibrium, players' rationality is mutual knowledge. However, both intuition and experimental evidence … suggest that players do not know for sure the rationality of opponents. This paper proposes a new equilibrium concept … equilibrium, players do not necessarily know the rationality of opponents, but they view rationality as infinitely more likely …
Persistent link: https://www.econbiz.de/10014179636
Cover Image
Ambiguous act equilibria
Bade, Sophie - 2010
A game-theoretic framework that allows for explicitly randomized strategies is used to study the effect of ambiguity aversion on equilibrium outcomes. The notions of "independent strategies" as well as of "common priors" are amended to render them applicable to games in which players lack...
Persistent link: https://www.econbiz.de/10003947388
Cover Image
Kuhn's Theorem for extensive form Ellsberg games
Mouraviev, Igor; Riedel, Frank; Sass, Linda - 2014
The paper generalizes Kuhn's Theorem to extensive form games in which players condition their play on the realization of ambiguous randomization devices and use a maxmin decision rule to evaluate the consequences of their decisions. It proves that ambiguous behavioral and ambiguous mixed...
Persistent link: https://www.econbiz.de/10010366154
Cover Image
Ellsberg Games
Riedel, Frank - 2013
In the standard formulation of game theory, agents use mixed strategies in the form of objective and probabilistically precise devices to conceal their actions. We introduce the larger set of probabilistically imprecise devices and study the consequences for the basic results on normal form...
Persistent link: https://www.econbiz.de/10013091318