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Learning to play Bayesian games

Authors :
Eddie Dekel
David K. Levine
Drew Fudenberg
Source :
Games and Economic Behavior. 46:282-303
Publication Year :
2004
Publisher :
Elsevier BV, 2004.

Abstract

This paper discusses the implications of learning theory for the analysis of games with a move by Nature. One goal is to illuminate the issues that arise when modeling situations where players are learning about the distribution of Nature's move as well as learning about the opponents' strategies. A second goal is to argue that quite restrictive assumptions are necessary to justify the concept of Nash equilibrium without a common prior as a steady state of a learning process.

Details

ISSN :
08998256
Volume :
46
Database :
OpenAIRE
Journal :
Games and Economic Behavior
Accession number :
edsair.doi...........1148e4aba5aafc37019798da18ada4e2
Full Text :
https://doi.org/10.1016/s0899-8256(03)00121-0