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A Myopic Adjustment Process Leading to Best-Reply Matching

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Author Info

  • Droste, E.J.R.
  • Kosfeld, M.
  • Voorneveld, M.

    (Tilburg University, Center for Economic Research)

Abstract

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Bibliographic Info

Paper provided by Tilburg University, Center for Economic Research in its series Discussion Paper with number 1998-111.

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Date of creation: 1998
Date of revision:
Handle: RePEc:dgr:kubcen:1998111

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Web page: http://center.uvt.nl

Related research

Keywords: stochastic adjustment process; best reply; mathcing; regret equilibrium;

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References

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  1. Basu, K. & Weibull, J., 1990. "Strategy Subsets Closed Under Rational Behavior," Papers 62, Princeton, Woodrow Wilson School - Discussion Paper.
  2. T. Borgers & R. Sarin, 2010. "Learning Through Reinforcement and Replicator Dynamics," Levine's Working Paper Archive 380, David K. Levine.
  3. Sergiu Hart & Andreu Mas-Colell, 1997. "A Simple Adaptive Procedure Leading to Correlated Equilibrium," Game Theory and Information 9703006, EconWPA, revised 24 Mar 1997.
  4. Borgers, Tilman & Sarin, Rajiv, 2000. "Naive Reinforcement Learning with Endogenous Aspirations," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 41(4), pages 921-50, November.
  5. Erev, Ido & Roth, Alvin E, 1998. "Predicting How People Play Games: Reinforcement Learning in Experimental Games with Unique, Mixed Strategy Equilibria," American Economic Review, American Economic Association, vol. 88(4), pages 848-81, September.
  6. Roth, Alvin E. & Erev, Ido, 1995. "Learning in extensive-form games: Experimental data and simple dynamic models in the intermediate term," Games and Economic Behavior, Elsevier, vol. 8(1), pages 164-212.
  7. Foster, Dean P. & Vohra, Rakesh V., 1997. "Calibrated Learning and Correlated Equilibrium," Games and Economic Behavior, Elsevier, vol. 21(1-2), pages 40-55, October.
  8. Drew Fudenberg & David K. Levine, 1997. "Conditional Universal Consistency," Levine's Working Paper Archive 471, David K. Levine.
  9. Droste, Edward & Kosfeld, Michael & Voorneveld, Mark, 2003. "Best-reply matching in games," Mathematical Social Sciences, Elsevier, vol. 46(3), pages 291-309, December.
  10. Hurkens Sjaak, 1995. "Learning by Forgetful Players," Games and Economic Behavior, Elsevier, vol. 11(2), pages 304-329, November.
  11. Jorgen W. Weibull, 1997. "Evolutionary Game Theory," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262731215, January.
  12. Droste, E.J.R. & Kosfeld, M. & Voorneveld, M., 1998. "Regret Equilibria in Games," Discussion Paper 1998-19, Tilburg University, Center for Economic Research.
  13. Colin Camerer & Teck-Hua Ho, 1999. "Experience-weighted Attraction Learning in Normal Form Games," Econometrica, Econometric Society, vol. 67(4), pages 827-874, July.
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Citations

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Cited by:
  1. Rivas, Javier, 2013. "Probability matching and reinforcement learning," Journal of Mathematical Economics, Elsevier, vol. 49(1), pages 17-21.
  2. Tercieux, O.R.C. & Voorneveld, M., 2005. "The Cutting Power of Preparation," Discussion Paper 2005-94, Tilburg University, Center for Economic Research.
  3. Droste, Edward & Kosfeld, Michael & Voorneveld, Mark, 2003. "Best-reply matching in games," Mathematical Social Sciences, Elsevier, vol. 46(3), pages 291-309, December.
  4. Gisèle Umbhauer, 2007. "Best-reply matching and the centipede game," Working Papers of BETA 2007-25, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
  5. Yves Ortiz & Martin schüle, 2011. "Limited Rationality and Strategic Interaction: A Probabilistic Multi-Agent Model," Working Papers 11.08, Swiss National Bank, Study Center Gerzensee.

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