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In this paper, we provide a theoretical prediction of the way in which adaptive players behave in the long run in normal form games with strict Nash equilibria. In the model, each player assigns subjective payoff assessments to his own actions, where the assessment of each action is a weighted...
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suggests a trade-off of using coarser versus finer representations of the strategy set when it comes to learning. …
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suggests a trade-off of using coarser versus finer representations of the strategy set when it comes to learning. …
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