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Regret testing: learning to play Nash equilibrium without knowing you have an opponent
Foster, Dean P.; Young, H. Peyton - In: Theoretical Economics 1 (2006) 3, pp. 341-367
A learning rule is uncoupled if a player does not condition his strategy on the opponent's payoffs. It is radically uncoupled if a player does not condition his strategy on the opponent's actions or payoffs. We demonstrate a family of simple, radically uncoupled learning rules whose...
Persistent link: https://www.econbiz.de/10011599374
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Transitive regret
Bikhchandani, Sushil; Segal, Uzi - In: Theoretical Economics 6 (2011) 1, pp. 95-108
Preferences may arise from regret, i.e., from comparisons with alternatives forgone by the decision maker. We ask … whether regret-based behavior is consistent with non-expected utility theories of transitive choice and show that the answer … is no. If choices are governed by ex ante regret and rejoicing then non-expected utility preferences must be intransitive. …
Persistent link: https://www.econbiz.de/10011599439
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Regret testing: learning to play Nash equilibrium without knowing you have an opponent
Foster, Dean P.; Young, H. Peyton - In: Theoretical Economics 1 (2006) 3, pp. 341-367
A learning rule is uncoupled if a player does not condition his strategy on the opponent's payoffs. It is radically uncoupled if a player does not condition his strategy on the opponent's actions or payoffs. We demonstrate a family of simple, radically uncoupled learning rules whose...
Persistent link: https://www.econbiz.de/10005812747
Cover Image
Transitive regret
Bikhchandani, Sushil; Segal, Uzi - In: Theoretical Economics 6 (2011) 1
Preferences may arise from regret, i.e., from comparisons with alternatives forgone by the decision maker. We ask … whether regret-based behavior is consistent with non-expected utility theories of transitive choice and show that the answer … is no. If choices are governed by ex ante regret and rejoicing then non-expected utility preferences must be intransitive. …
Persistent link: https://www.econbiz.de/10008568531