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suggests a trade-off of using coarser versus finer representations of the strategy set when it comes to learning. …
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suggests a trade-off of using coarser versus finer representations of the strategy set when it comes to learning. …
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The payoff matrix of a finite stage game is realized randomly, and then the stage game is repeated infinitely. The distribution over states of the world (a state corresponds to a payoff matrix) is commonly known, but players do not observe nature’s choice. Over time, they can learn the state...
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