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The Theory of Learning in Games
Taschenbuch von Drew Fudenberg (u. a.)
Sprache: Englisch

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Beschreibung
In economics, most noncooperative game theory has focused on equilibrium in games, especially Nash equilibrium and its refinements. The traditional explanation for when and why equilibrium arises is that it results from analysis and introspection by the players in a situation where the rules of the game, the rationality of the players, and the players' payoff functions are all common knowledge. Both conceptually and empirically, this theory has many problems.

In The Theory of Learning in Games Drew Fudenberg and David Levine develop an alternative explanation that equilibrium arises as the long-run outcome of a process in which less than fully rational players grope for optimality over time. The models they explore provide a foundation for equilibrium theory and suggest useful ways for economists to evaluate and modify traditional equilibrium concepts.

In economics, most noncooperative game theory has focused on equilibrium in games, especially Nash equilibrium and its refinements. The traditional explanation for when and why equilibrium arises is that it results from analysis and introspection by the players in a situation where the rules of the game, the rationality of the players, and the players' payoff functions are all common knowledge. Both conceptually and empirically, this theory has many problems.

In The Theory of Learning in Games Drew Fudenberg and David Levine develop an alternative explanation that equilibrium arises as the long-run outcome of a process in which less than fully rational players grope for optimality over time. The models they explore provide a foundation for equilibrium theory and suggest useful ways for economists to evaluate and modify traditional equilibrium concepts.

Über den Autor
Drew Fudenberg and David K. Levine
Details
Erscheinungsjahr: 1998
Fachbereich: Volkswirtschaft
Genre: Wirtschaft
Rubrik: Recht & Wirtschaft
Medium: Taschenbuch
Seiten: 294
ISBN-13: 9780262529242
ISBN-10: 0262529246
Sprache: Englisch
Ausstattung / Beilage: Paperback
Einband: Kartoniert / Broschiert
Autor: Fudenberg, Drew
Levine, David K.
Hersteller: MIT Press
Maße: 229 x 152 x 18 mm
Von/Mit: Drew Fudenberg (u. a.)
Erscheinungsdatum: 03.06.1998
Gewicht: 0,481 kg
preigu-id: 126170758
Über den Autor
Drew Fudenberg and David K. Levine
Details
Erscheinungsjahr: 1998
Fachbereich: Volkswirtschaft
Genre: Wirtschaft
Rubrik: Recht & Wirtschaft
Medium: Taschenbuch
Seiten: 294
ISBN-13: 9780262529242
ISBN-10: 0262529246
Sprache: Englisch
Ausstattung / Beilage: Paperback
Einband: Kartoniert / Broschiert
Autor: Fudenberg, Drew
Levine, David K.
Hersteller: MIT Press
Maße: 229 x 152 x 18 mm
Von/Mit: Drew Fudenberg (u. a.)
Erscheinungsdatum: 03.06.1998
Gewicht: 0,481 kg
preigu-id: 126170758
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