equilibrium, retains equilibrium expectations but adds stochastic response (of which players are aware). Learning theories explain …) or foregone payoffs (model-directed learning). Finally, many studies reject the joint hypothesis of equilibrium …

different treatments and observe that convergence toward equilibrium is driven by learning through the information about the …

predictions about one-shot games and provides initial conditions for a theory of learning in repeated games. The learning theory … adds one parameter (to measure response sensitivity) and adjusts learning parameters for environmental change (e.g., old … comparable models like fictitious play and reinforcement learning. The teaching theory assumes some fraction of players realize …