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This paper provides a new proof of Miyasawa's (1961) result showing the convergence of fictitious play in 2x2 games. The novelty of the approach used here is that it rests entirely on the geometric properties of the best-response correspondence. The geometric approach greatly shortens the...
Persistent link: https://www.econbiz.de/10005597879
We develop a model of games with awareness that allows for differential levels of awareness. We show that, for the standard modal-logical interpretations of belief and awareness, a player cannot believe there exist propositions of which he is unaware. Nevertheless, we argue that a boundedly...
Persistent link: https://www.econbiz.de/10010845594
Persistent link: https://www.econbiz.de/10005753344
Persistent link: https://www.econbiz.de/10005155403