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Steady State Learning and Nash Equilibrium Author info | Abstract | Publisher info | Download info | Related research | Statistics Fudenberg, Drew
Levine, David K
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The authors study the steady states of a system in which players learn about the strategies their opponents are playing by updating their Bayesian priors in light of their observations. Players are matched.at random to play a fixed extensive-form game and each player observes the realized actions in his own matches but not the intended off-path play of his opponents or the realized actions in other matches. Because players are assumed to live finite lives, there are steady states in which learning continually takes place. If lifetimes are long and players are very patient, the steady state distribution of actions approximates those of a Nash equilibrium. Copyright 1993 by The Econometric Society.
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Article provided by Econometric Society in its journal Econometrica .
Volume (Year): 61 (1993)
Issue (Month): 3 (May)
Pages: 547-73
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Handle: RePEc:ecm:emetrp:v:61:y:1993:i:3:p:547-73Contact details of provider: Phone: 1 212 998 3820 Fax: 1 212 995 4487 Email: Web page: http://www.econometricsociety.org/ More information through EDIRC
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references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
Eric Friedman & Scott Shenker, 1998.
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Eddie Dekel & Drew Fudenberg & David K. Levine, 1999.
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Eddie Dekel & Drew Fudenberg & David K. Levine, .
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Dekel, E. & Fudenberg, D. & Levine, D.K., 1999.
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Eddie Dekel & Drew Fudenberg & David K. Levine, 1996.
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[Downloadable!] Dekel, Eddie & Fudenberg, Drew & Levine, David K., 1999.
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[Downloadable!] (restricted) Ehud Kalai & Ehud Lehrer, 1990.
"Rational Learning Leads to Nash Equilibrium ,"
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Ehud Kalai & Ehud Lehrer, 1990.
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Darrell Duffie & Yeneng Sun, 2004.
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Levine's Bibliography
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Matthew Jackson & Ehud Kalai, 1995.
"Recurring Bullies ,"
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1151, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
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Georg Noldeke & Larry Samuelson, 1994.
"Learning to Signal in Markets ,"
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Weibull, Jörgen W., 1997.
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"An Economists Perspective on Multi-Agent Learning ,"
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Ed Hopkins, 1995.
"Learning, Matching and Aggregation ,"
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Ed Hopkins, .
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ESE Discussion Papers
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"Learning, Matching and Aggregation ,"
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Hopkins, Ed, 1999.
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[Downloadable!] (restricted) Paolo E Giordani & Michele Ruta, 2008.
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Levine's Bibliography
122247000000002276, UCLA Department of Economics.
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Eric J Friedman & Scott Schenker, 1997.
"Learning and Implementation on the Internet ,"
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Talat Genc, 2007.
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Computational Management Science ,
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Mario Gilli, 2002.
"Rational Learning in Imperfect Monitoring Games ,"
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Francesco Squintani, 1999.
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Drew Fudenberg & David K Levine, 2007.
"Self Confirming Equilibrium and the Lucas Critique ,"
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Drew Fudenberg & David K. Levine, 1996.
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Other versions: Roger Lagunoff, 1995.
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