Does Rational Learning Lead to Nash Equilibrium in Finitely Repeated Games?

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ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Does Rational Learning Lead to Nash Equilibrium in Finitely Repeated Games? by : Alvaro Sandroni

Download or read book Does Rational Learning Lead to Nash Equilibrium in Finitely Repeated Games? written by Alvaro Sandroni and published by . This book was released on 1994 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Learning of Actions in Finitely Repeated Games

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ISBN 13 :
Total Pages : 29 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Learning of Actions in Finitely Repeated Games by : Yangbo Song

Download or read book Learning of Actions in Finitely Repeated Games written by Yangbo Song and published by . This book was released on 2017 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies a novel setting in game theory: a player may learn new actions over time by observing the opponent's play. We investigate the impact of such learning behavior in the context of finitely repeated games. In contrast to related literature such as Kreps et al. (1982), we provide a framework with full rationality and consistent stage-game payoffs for sustaining cooperation, which bridges the gap between theories of finitely and infinitely repeated games. Even if rational cooperation is impossible without learning, for instance in a Prisoner's Dilemma, it can be sustained with approximate efficiency when players can learn from one another. Cooperation does not have to be endowed in each player's initial action set, but can be “taught” and enforced. When learning is imperfect, the set of sustainable payoffs is not continuous, in the sense that no equilibrium exists when learning is nearly perfect and the repeated games last for sufficiently many periods.

The Oxford Handbook of Rationality

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Publisher : Oxford University Press
ISBN 13 : 9780198033240
Total Pages : 498 pages
Book Rating : 4.0/5 (332 download)

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Book Synopsis The Oxford Handbook of Rationality by : Alfred R. Mele

Download or read book The Oxford Handbook of Rationality written by Alfred R. Mele and published by Oxford University Press. This book was released on 2004-01-08 with total page 498 pages. Available in PDF, EPUB and Kindle. Book excerpt: Rationality has long been a central topic in philosophy, crossing standard divisions and categories. It continues to attract much attention in published research and teaching by philosophers as well as scholars in other disciplines, including economics, psychology, and law. The Oxford Handbook of Rationality is an indispensable reference to the current state of play in this vital and interdisciplinary area of study. Twenty-two newly commissioned chapters by a roster of distinguished philosophers provide an overview of the prominent views on rationality, with each author also developing a unique and distinctive argument.

Rational Learning Leads to Nash Equilibrium

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ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.:/5 (229 download)

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Book Synopsis Rational Learning Leads to Nash Equilibrium by : Ehud Kalai

Download or read book Rational Learning Leads to Nash Equilibrium written by Ehud Kalai and published by . This book was released on 1990 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Repeated Games with Incomplete Information

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Publisher : MIT Press
ISBN 13 : 9780262011471
Total Pages : 372 pages
Book Rating : 4.0/5 (114 download)

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Book Synopsis Repeated Games with Incomplete Information by : Robert J. Aumann

Download or read book Repeated Games with Incomplete Information written by Robert J. Aumann and published by MIT Press. This book was released on 1995 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt: The basic model studied throughout the book is one in which players ignorant about the game being played must learn what they can from the actions of the others.

Intermediate Microeconomics

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (123 download)

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Book Synopsis Intermediate Microeconomics by : Patrick M. Emerson

Download or read book Intermediate Microeconomics written by Patrick M. Emerson and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

On the Notion of Equilibrium in Economics

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Publisher : Cambridge University Press
ISBN 13 : 9780521203265
Total Pages : 52 pages
Book Rating : 4.2/5 (32 download)

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Book Synopsis On the Notion of Equilibrium in Economics by : F. H. Hahn

Download or read book On the Notion of Equilibrium in Economics written by F. H. Hahn and published by Cambridge University Press. This book was released on 1973-06-07 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Theory of Learning in Games

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Publisher : MIT Press
ISBN 13 : 9780262061940
Total Pages : 304 pages
Book Rating : 4.0/5 (619 download)

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Book Synopsis The Theory of Learning in Games by : Drew Fudenberg

Download or read book The Theory of Learning in Games written by Drew Fudenberg and published by MIT Press. This book was released on 1998 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work explains that equilibrium is the long-run outcome of a process in which non-fully rational players search for optimality over time. The models they e×plore provide a foundation for equilibrium theory and suggest ways for economists to evaluate and modify traditional equilibrium concepts.

Learning to play approximate nash equilibria in games with many players

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ISBN 13 :
Total Pages : 46 pages
Book Rating : 4.:/5 (253 download)

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Book Synopsis Learning to play approximate nash equilibria in games with many players by : Edward Cartwright

Download or read book Learning to play approximate nash equilibria in games with many players written by Edward Cartwright and published by . This book was released on 2004 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Mathematical Foundations of Game Theory

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Publisher : Springer Nature
ISBN 13 : 303026646X
Total Pages : 240 pages
Book Rating : 4.0/5 (32 download)

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Book Synopsis Mathematical Foundations of Game Theory by : Rida Laraki

Download or read book Mathematical Foundations of Game Theory written by Rida Laraki and published by Springer Nature. This book was released on 2019-09-07 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book gives a concise presentation of the mathematical foundations of Game Theory, with an emphasis on strategic analysis linked to information and dynamics. It is largely self-contained, with all of the key tools and concepts defined in the text. Combining the basics of Game Theory, such as value existence theorems in zero-sum games and equilibrium existence theorems for non-zero-sum games, with a selection of important and more recent topics such as the equilibrium manifold and learning dynamics, the book quickly takes the reader close to the state of the art. Applications to economics, biology, and learning are included, and the exercises, which often contain noteworthy results, provide an important complement to the text. Based on lectures given in Paris over several years, this textbook will be useful for rigorous, up-to-date courses on the subject. Apart from an interest in strategic thinking and a taste for mathematical formalism, the only prerequisite for reading the book is a solid knowledge of mathematics at the undergraduate level, including basic analysis, linear algebra, and probability.

Essays in Game Theory

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Publisher : Springer Science & Business Media
ISBN 13 : 1461226481
Total Pages : 209 pages
Book Rating : 4.4/5 (612 download)

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Book Synopsis Essays in Game Theory by : Nimrod Megiddo

Download or read book Essays in Game Theory written by Nimrod Megiddo and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume presents a collection of papers on game theory dedicated to Michael Maschler. Through his dedication and contributions to game theory, Maschler has become an important figure particularly in the area of cooperative games. Game theory has since become an important subject in operations research, economics and management science. As befits such a volume, the main themes covered are cooperative games, coalitions, repeated games, and a cost allocation games. All the contributions are authoritative surveys of a particular topic, so together they will present an invaluable overview of the field to all those working on game theory problems.

Antitrust Law Journal

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Publisher :
ISBN 13 :
Total Pages : 1136 pages
Book Rating : 4.:/5 (51 download)

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Book Synopsis Antitrust Law Journal by :

Download or read book Antitrust Law Journal written by and published by . This book was released on 1986 with total page 1136 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Stability and Perfection of Nash Equilibria

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Publisher : Springer Science & Business Media
ISBN 13 : 9783540538004
Total Pages : 366 pages
Book Rating : 4.5/5 (38 download)

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Book Synopsis Stability and Perfection of Nash Equilibria by : Eric van Damme

Download or read book Stability and Perfection of Nash Equilibria written by Eric van Damme and published by Springer Science & Business Media. This book was released on 1991 with total page 366 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book discusses the main shortcomings of the classical solution concept from noncooperative game theory (that of Nash equilibria) and provides a comprehensive study of the more refined concepts (such as sequential, perfect, proper and stable equilibria) that have been introduced to overcome these drawbacks. The plausibility of the assumptions underlying each such concept are discussed, desirable properties as well as deficiencies are illustrated, characterizations are derived and the relationships between the various concepts are studied. The first six chapters provide an informal discussion with many examples as well as a comprehensive overview for normal form games. The remaining chapters are devoted to specific applications, illustrating the strength (resp. weakness) of the various concepts.

Game Theory

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Publisher : MIT Press
ISBN 13 : 0262303760
Total Pages : 616 pages
Book Rating : 4.2/5 (623 download)

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Book Synopsis Game Theory by : Drew Fudenberg

Download or read book Game Theory written by Drew Fudenberg and published by MIT Press. This book was released on 1991-08-29 with total page 616 pages. Available in PDF, EPUB and Kindle. Book excerpt: This advanced text introduces the principles of noncooperative game theory in a direct and uncomplicated style that will acquaint students with the broad spectrum of the field while highlighting and explaining what they need to know at any given point. This advanced text introduces the principles of noncooperative game theory—including strategic form games, Nash equilibria, subgame perfection, repeated games, and games of incomplete information—in a direct and uncomplicated style that will acquaint students with the broad spectrum of the field while highlighting and explaining what they need to know at any given point. The analytic material is accompanied by many applications, examples, and exercises. The theory of noncooperative games studies the behavior of agents in any situation where each agent's optimal choice may depend on a forecast of the opponents' choices. "Noncooperative" refers to choices that are based on the participant's perceived selfinterest. Although game theory has been applied to many fields, Fudenberg and Tirole focus on the kinds of game theory that have been most useful in the study of economic problems. They also include some applications to political science. The fourteen chapters are grouped in parts that cover static games of complete information, dynamic games of complete information, static games of incomplete information, dynamic games of incomplete information, and advanced topics.

Repeated Games with Imperfect Private Monitoring

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ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Repeated Games with Imperfect Private Monitoring by : George J. Mailath

Download or read book Repeated Games with Imperfect Private Monitoring written by George J. Mailath and published by . This book was released on 1998 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Strategic Learning and Its Limits

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Publisher : Oxford University Press, USA
ISBN 13 : 0199269181
Total Pages : 178 pages
Book Rating : 4.1/5 (992 download)

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Book Synopsis Strategic Learning and Its Limits by : H. Peyton Young

Download or read book Strategic Learning and Its Limits written by H. Peyton Young and published by Oxford University Press, USA. This book was released on 2004 with total page 178 pages. Available in PDF, EPUB and Kindle. Book excerpt: Table of contents

Game Theory

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Publisher : Princeton University Press
ISBN 13 : 0691129088
Total Pages : 416 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis Game Theory by : Steve Tadelis

Download or read book Game Theory written by Steve Tadelis and published by Princeton University Press. This book was released on 2013-01-06 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: The definitive introduction to game theory This comprehensive textbook introduces readers to the principal ideas and applications of game theory, in a style that combines rigor with accessibility. Steven Tadelis begins with a concise description of rational decision making, and goes on to discuss strategic and extensive form games with complete information, Bayesian games, and extensive form games with imperfect information. He covers a host of topics, including multistage and repeated games, bargaining theory, auctions, rent-seeking games, mechanism design, signaling games, reputation building, and information transmission games. Unlike other books on game theory, this one begins with the idea of rationality and explores its implications for multiperson decision problems through concepts like dominated strategies and rationalizability. Only then does it present the subject of Nash equilibrium and its derivatives. Game Theory is the ideal textbook for advanced undergraduate and beginning graduate students. Throughout, concepts and methods are explained using real-world examples backed by precise analytic material. The book features many important applications to economics and political science, as well as numerous exercises that focus on how to formalize informal situations and then analyze them. Introduces the core ideas and applications of game theory Covers static and dynamic games, with complete and incomplete information Features a variety of examples, applications, and exercises Topics include repeated games, bargaining, auctions, signaling, reputation, and information transmission Ideal for advanced undergraduate and beginning graduate students Complete solutions available to teachers and selected solutions available to students