A note on absolutely expedient learning rules

I provide a full characterization of the set of absolutely expedient learning rules introduced in Börgers et al. [2]. The expected change in the expected payoff can be written as a quadratic form on the vector of relative expected payoffs of the strategies. This permits use of standard linear algebra arguments to provide a characterization in terms of the matrix defining this quadratic form.

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Year of publication:	2014
Authors:	Oyarzun, Carlos
Published in:	Journal of Economic Theory. - Elsevier, ISSN 0022-0531. - Vol. 153.2014, C, p. 213-223
Publisher:	Elsevier
Subject:	Absolute expediency \| Learning rules \| Built-in similarity

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Type of publication:	Article
Classification:	D81 - Criteria for Decision-Making under Risk and Uncertainty ; D83 - Search, Learning, Information and Knowledge
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011043004