(Read ebook) Simple Adaptive Strategies:From Regret-Matching to Uncoupled Dynamics: 4 (World Scientific Series in Economic Theory)






 | #2880617 in eBooks |  2013-01-22 |  2013-01-22 | File Name: B00BVYNGFA


|| |"A fundamental issue with any concept of equilibrium, including Nash and correlated equilibria, is to define the process by which equilibrium is attained. The work of Professors Hart and Mas-Colell has been the deepest in this area, especially in defining

This volume collects almost two decades of joint work of Sergiu Hart and Andreu Mas-Colell on game dynamics and equilibria. The starting point was the introduction of the adaptive strategy called regret-matching, which on the one hand is simple and natural, and on the other is shown to lead to correlated equilibria. This initial finding — boundedly rational behavior that yields fully rational outcomes in the long run — generated a large body of wor...


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