Belief Affirming in Learning Processes

A learning process is belief affirming if for each player, the difference between her expected payoff in the next period, and the average of her past payoffs converges to zero. We show that every smooth discrete fictitious play and every continuous fictitious play is belief affirming. We also provide conditions under which general averaging processes are belief affirming.

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Year of publication:	1994-08-11
Authors:	Monderer, Dov ; Samet, Dov ; Sela, Aner
Institutions:	EconWPA

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Extent:	application/pdf application/postscript
Series:	Game Theory and Information.
Type of publication:	Book / Working Paper
Notes:	14 p. AmS TeX. (for a PostScript file call samet@vm.tau.ac il).
Classification:	C7 - Game Theory and Bargaining Theory ; D8 - Information and Uncertainty
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005550881