Learning, Matching and Aggregation

Fictitious play and "gradient" learning are examined in the context of a large population where agents are repeatedly randomly matched. We show that the aggregation of this learning behaviour can be qualitatively di®erent from learning at the level of the individual. This aggregate dynamic belongs to the same class of simply de

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Authors:	Hopkins, Ed
Institutions:	ESRC Centre for Economic Learning and Social Evolution (ELSE), Department of Economics
Subject:	Games \| Fictitious Play \| Learning \| Evolution

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Extent:	application/pdf
Series:	ELSE working papers.
Type of publication:	Book / Working Paper
Classification:	C72 - Noncooperative Games ; D83 - Search, Learning, Information and Knowledge
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005636467