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Persistent link: https://www.econbiz.de/10005752823
In this paper we consider dynamic processes, in repeated games, that are subject to the natural informational restriction of uncoupledness. We study the almost sure convergence to Nash equilibria, and present a number of possibility and impossibility results. Basically, we show that if in...
Persistent link: https://www.econbiz.de/10005752831
n overview of the landmark contributions of Robert J. Aumann, winner of the 2005 Nobel Memorial Prize in Economic Sciences.
Persistent link: https://www.econbiz.de/10005752835
Regret-based dynamics have been introduced and studied in the context of discrete-time repeated play. Here we carry out the corresponding analysis in continuous time. We observe that, in contrast to (smooth) fictitious play or to evolutionary models, the appropriate state space for this analysis...
Persistent link: https://www.econbiz.de/10005752836
This paper undertakes a careful examination of the concept of conditional probability and its use. The ideas are then applied to resolve a conceptual puzzle related to Savage's "Sure-Thing Principle."
Persistent link: https://www.econbiz.de/10005585330
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Who is Robert Aumann? Is he an economist or a mathematician? A rational scientist or a deeply religious man? A deep thinker or an easygoing person? These seemingly disparate qualities can all be found in Aumann; all are essential facets of his personality. A pure mathematician who is a renowned...
Persistent link: https://www.econbiz.de/10005585344
We prove a difference equation analogue for the decay-of-mass result for the nonlinear parabolic equation ut = ?u + m |?u| when m < 0, and a new growth result when m > 0.
Persistent link: https://www.econbiz.de/10005585356
A class of integer-valued allocation games -- "General Lotto games" -- is introduced and solved. The results are then applied to analyze the classical discrete "Colonel Blotto games"; in particular, optimal strategies are obtained for all symmetric Colonel Blotto games.
Persistent link: https://www.econbiz.de/10005585366