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Why learning doesn’t add up: equilibrium selection with a composition of learning rules

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  • Russell Golman

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    File URL: http://hdl.handle.net/10.1007/s00182-010-0265-3
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    Bibliographic Info

    Article provided by Springer in its journal International Journal of Game Theory.

    Volume (Year): 40 (2011)
    Issue (Month): 4 (November)
    Pages: 719-733

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    Handle: RePEc:spr:jogath:v:40:y:2011:i:4:p:719-733

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    Related research

    Keywords: Adjustment dynamics; Basins of attraction; Best response dynamics; Equilibrium selection; Evolutionary game; Imitate the best dynamics; Learning; Replicator dynamics; C72; C73;

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    1. Golman, Russell & Page, Scott E., 2010. "Individual and cultural learning in stag hunt games with multiple actions," Journal of Economic Behavior & Organization, Elsevier, vol. 73(3), pages 359-376, March.
    2. Ely, Jeffrey C. & Sandholm, William H., 2005. "Evolution in Bayesian games I: Theory," Games and Economic Behavior, Elsevier, vol. 53(1), pages 83-109, October.
    3. Viossat, Yannick, 2008. "Evolutionary Dynamics May Eliminate All Strategies Used in Correlated Equilibria," Economics Papers from University Paris Dauphine 123456789/1119, Paris Dauphine University.
    4. Conlisk, John, 1980. "Costly optimizers versus cheap imitators," Journal of Economic Behavior & Organization, Elsevier, vol. 1(3), pages 275-293, September.
    5. Michel Benaïm & Josef Hofbauer & Sylvain Sorin, 2003. "Stochastic Approximations and Differential Inclusions," Working Papers hal-00242990, HAL.
    6. I. Gilboa & A. Matsui, 2010. "Social Stability and Equilibrium," Levine's Working Paper Archive 534, David K. Levine.
    7. Alos-Ferrer, Carlos, 1999. "Dynamical Systems with a Continuum of Randomly Matched Agents," Journal of Economic Theory, Elsevier, vol. 86(2), pages 245-267, June.
    8. Young, H Peyton, 1993. "The Evolution of Conventions," Econometrica, Econometric Society, vol. 61(1), pages 57-84, January.
    9. Boylan, Richard T., 1990. "Laws of Large Numbers for Dynamical Systems with Randomly Matched Individuals," Working Papers 748, California Institute of Technology, Division of the Humanities and Social Sciences.
    10. Binmore, Ken & Samuelson, Larry, 1999. "Evolutionary Drift and Equilibrium Selection," Review of Economic Studies, Wiley Blackwell, vol. 66(2), pages 363-93, April.
    11. J. Hofbauer & P. Schuster & K. Sigmund, 2010. "A Note on Evolutionary Stable Strategies and Game Dynamics," Levine's Working Paper Archive 441, David K. Levine.
    12. Swinkels Jeroen M., 1993. "Adjustment Dynamics and Rational Play in Games," Games and Economic Behavior, Elsevier, vol. 5(3), pages 455-484, July.
    13. Itzhak Gilboa & Akihiko Matsui, 1990. "A Model of Random Matching," Discussion Papers 887, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    14. Drew Fudenberg & David K. Levine, 1996. "The Theory of Learning in Games," Levine's Working Paper Archive 624, David K. Levine.
    15. M. Kandori & G. Mailath & R. Rob, 1999. "Learning, Mutation and Long Run Equilibria in Games," Levine's Working Paper Archive 500, David K. Levine.
    16. Viossat, Yannick & Sorin, Sylvain & Hofbauer, Josef, 2009. "Time average replicator and best reply dynamics," Economics Papers from University Paris Dauphine 123456789/1014, Paris Dauphine University.
    17. Karl H. Schlag, 1995. "Why Imitate, and if so, How? A Bounded Rational Approach to Multi-Armed Bandits," Discussion Paper Serie B 361, University of Bonn, Germany, revised Mar 1996.
    18. Boylan, Richard T., 1992. "Laws of large numbers for dynamical systems with randomly matched individuals," Journal of Economic Theory, Elsevier, vol. 57(2), pages 473-504, August.
    19. Cars H. Hommes, 2005. "Heterogeneous Agent Models in Economics and Finance," Tinbergen Institute Discussion Papers 05-056/1, Tinbergen Institute.
    20. Colin Camerer & Teck-Hua Ho, 1999. "Experience-weighted Attraction Learning in Normal Form Games," Econometrica, Econometric Society, vol. 67(4), pages 827-874, July.
    21. Schlag, Karl H., 1994. "Why Imitate, and if so, How? Exploring a Model of Social Evolution," Discussion Paper Serie B 296, University of Bonn, Germany.
    22. repec:ebl:ecbull:v:3:y:2004:i:41:p:1-3 is not listed on IDEAS
    23. Alan Kirman, 2006. "Heterogeneity in Economics," Journal of Economic Interaction and Coordination, Springer, vol. 1(1), pages 89-117, May.
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