The Theory of Learning in Games

Main
Mathematics - Game Theory
The Theory of Learning in Games

The Theory of Learning in Games

Name: The Theory of Learning in Games
ISBN: 9780585133782

Drew Fudenberg, David K. Levine

0 / 0

0 comments

Jak bardzo podobała Ci się ta książka?

Jaka jest jakość pobranego pliku?

Pobierz książkę, aby ocenić jej jakość

Jaka jest jakość pobranych plików?

This book collects the essential existing results in the fast-paced field of learning and evolutionary game theory together with new work by two leaders in the field. It will be essential to anyone doing theoretical work on learning and games or using evoultionary game theory in applied work. -- Larry Samuelson, Antoine Augustin Cournot Professor of Economics, University of Wisconsin

In economics, most noncooperative game theory has focused on equilibrium in games, especially Nash equilibrium and its refinements. The traditional explanation for when and why equilibrium arises is that it results from analysis and introspection by the players in a situation where the rules of the game, the rationality of the players, and the players' payoff functions are all common knowledge. Both conceptually and empirically, this theory has many problems.

In The Theory of Learning in Games Drew Fudenberg and David Levine develop an alternative explanation that equilibrium arises as the long-run outcome of a process in which less than fully rational players grope for optimality over time. The models they explore provide a foundation for equilibrium theory and suggest useful ways for economists to evaluate and modify traditional equilibrium concepts.

Kategorie:

Mathematics - Game Theory

Rok:

1998

Wydawnictwo:

The MIT Press

Język:

english

Strony:

348

ISBN 10:

0585133786