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A learning rule is uncoupled if a player does not condition his strategy on the opponent's payoffs. It is radically …, radically uncoupled learning rules whose period-by-period behavior comes arbitrarily close to Nash equilibrium behavior in any …
Persistent link: https://www.econbiz.de/10011702986
A learning rule is uncoupled if a player does not condition his strategy on the opponent's payoffs. It is radically …, radically uncoupled learning rules whose period-by-period behavior comes arbitrarily close to Nash equilibrium behavior in any …
Persistent link: https://www.econbiz.de/10011599374
A learning rule is uncoupled if a player does not condition his strategy on the opponent's payoffs. It is radically …, radically uncoupled learning rules whose period-by-period behavior comes arbitrarily close to Nash equilibrium behavior in any …
Persistent link: https://www.econbiz.de/10005812747
The paper investigates social-learning when the information structure is not commonly known. Individuals repeatedly … interact in social-learning settings with distinct information structures. In each round of interaction, they use their … behavior in the long-run if and only if individuals distinguish social-learning settings and receive rich feedback after each …
Persistent link: https://www.econbiz.de/10011434567
Persistent link: https://www.econbiz.de/10013502721
This article sheds light on a scarcely explored area of research related to herd behavior in urban settings of developing economies, where the use of motorized twowheelers has been increasing rapidly. Using primary survey-based data from Nepal, we examine whether potential motorcycle buyers in...
Persistent link: https://www.econbiz.de/10012799169
Persistent link: https://www.econbiz.de/10011572864
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a player's beliefs. By imposing a consistency requirement we obtain an equilibrium notion which we call regret …-best responses. Additional properties are studied and the regret equilibrium concept is compared with other game theoretic solution … concepts. The regret equilibrium concept is illustrated by means of interesting examples. It is shown that in the centipede …
Persistent link: https://www.econbiz.de/10011091180
Persistent link: https://www.econbiz.de/10011822356