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Learning, Matching and Aggregation Author info | Abstract | Publisher info | Download info | Related research | Statistics Ed Hopkins
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Fictitious play and "gradient" learning are examined in the context of a large population where agents are repeatedly randomly matched. We show that the aggregation of this learning behaviour can be qualitatively di®erent from learning at the level of the individual. This aggregate dynamic belongs to the same class of simply de
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Paper provided by ESRC Centre on Economics Learning and Social Evolution in its series ELSE working papers with number
033.
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Handle: RePEc:els:esrcls:033Contact details of provider: Web page: http://www.ucl.ac.uk/economics/ELSE/ More information through EDIRC
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Keywords: Games ; Fictitious Play ; Learning ; Evolution. ; Other versions of this item:
Article Paper Ed Hopkins, .
"Learning, Matching and Aggregation ,"
Department of Economics
1996 : II, Edinburgh School of Economics, University of Edinburgh.
[Downloadable!] Ed Hopkins, 1995.
"Learning, Matching and Aggregation ,"
Game Theory and Information
9512001, EconWPA.
[Downloadable!] Ed Hopkins, .
"Learning, Matching and Aggregation ,"
ESE Discussion Papers
2, Edinburgh School of Economics, University of Edinburgh.
Ed Hopkins, .
"Learning, Matching and Aggregation ,"
Discussion Papers
1996-2, Edinburgh School of Economics, University of Edinburgh.
Hopkins, E., 1995.
"Learning, Matching and Aggregation ,"
G.R.E.Q.A.M.
95a20, Universite Aix-Marseille III.
Find related papers by JEL classification: C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search, Learning, and Information
References listed on IDEAS 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.:
Romeo, Charles & Sopher, Barry, 1999.
"Learning and Decision Costs in One-Person Games ,"
Journal of Applied Econometrics ,
John Wiley & Sons, Ltd., vol. 14(4), pages 335-57, July-Aug..
[Downloadable!]
Other versions: Samuelson, L. & Zhang, J., 1991.
"Evolutionary Stability in Asymmetric Games ,"
Papers
9132, Tilburg - Center for Economic Research.
Other versions: Milgrom, Paul & Roberts, John, 1991.
"Adaptive and sophisticated learning in normal form games ,"
Games and Economic Behavior ,
Elsevier, vol. 3(1), pages 82-100, February.
[Downloadable!] (restricted)
Binmore, Ken & Larry Samuelson, 1994.
"Muddling Through: Noisy Equilibrium Selection ,"
Discussion Paper Serie B
275, University of Bonn, Germany.
Other versions: Tilman Borgers & Rajiv Sarin, 1993.
"Learning Through Reinforcement and Replicator Dynamics ,"
University of California at San Diego, Economics Working Paper Series
93-47, Department of Economics, UC San Diego.
Other versions: Fudenberg Drew & Kreps David M., 1993.
"Learning Mixed Equilibria ,"
Games and Economic Behavior ,
Elsevier, vol. 5(3), pages 320-367, July.
[Downloadable!] (restricted)
Other versions: Fudenberg, Drew & Levine, David K, 1993.
"Steady State Learning and Nash Equilibrium ,"
Econometrica ,
Econometric Society, vol. 61(3), pages 547-73, May.
[Downloadable!] (restricted)
Other versions: Crawford, Vincent P., 1985.
"Learning behavior and mixed-strategy Nash equilibria ,"
Journal of Economic Behavior & Organization ,
Elsevier, vol. 6(1), pages 69-78, March.
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Samuelson Larry, 1994.
"Stochastic Stability in Games with Alternative Best Replies ,"
Journal of Economic Theory ,
Elsevier, vol. 64(1), pages 35-65, October.
[Downloadable!] (restricted)
Samuelson, Larry & Zhang, Jianbo, 1992.
"Evolutionary stability in asymmetric games ,"
Journal of Economic Theory ,
Elsevier, vol. 57(2), pages 363-391, August.
[Downloadable!] (restricted)
Sugden, Robert, 1989.
"Spontaneous Order ,"
Journal of Economic Perspectives ,
American Economic Association, vol. 3(4), pages 85-97, Fall.
[Downloadable!] (restricted)
Kalai, Ehud & Lehrer, Ehud, 1993.
"Rational Learning Leads to Nash Equilibrium ,"
Econometrica ,
Econometric Society, vol. 61(5), pages 1019-45, September.
[Downloadable!] (restricted)
Other versions:
Ehud Kalai & Ehud Lehrer, 1990.
"Rational Learning Leads to Nash Equilibrium ,"
Discussion Papers
895, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
[Downloadable!] Ehud Kalai & Ehud Lehrer, 1990.
"Rational Learning Leads to Nash Equilibrium ,"
Discussion Papers
925, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
[Downloadable!] Kalai, Ehud & Lehrer, Ehud, 1991.
"Rational Learning Leads to Nash Equilibrium ,"
Working Papers
91-18, C.V. Starr Center for Applied Economics, New York University.
[Downloadable!] Kandori, Michihiro & Mailath, George J & Rob, Rafael, 1993.
"Learning, Mutation, and Long Run Equilibria in Games ,"
Econometrica ,
Econometric Society, vol. 61(1), pages 29-56, January.
[Downloadable!] (restricted)
Other versions: Friedman, Daniel, 1991.
"Evolutionary Games in Economics ,"
Econometrica ,
Econometric Society, vol. 59(3), pages 637-66, May.
[Downloadable!] (restricted)
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.
[Downloadable!]
Canning, D., 1990.
"Average Behaviour In Learning Models ,"
Papers
156, Cambridge - Risk, Information & Quantity Signals.
Other versions: Friedman, Daniel, 1996.
"Equilibrium in Evolutionary Games: Some Experimental Results ,"
Economic Journal ,
Royal Economic Society, vol. 106(434), pages 1-25, January.
[Downloadable!] (restricted)
repec:att:wimass:199410 is not listed on IDEAS
Brown, James N & Rosenthal, Robert W, 1990.
"Testing the Minimax Hypothesis: A Re-examination of O'Neill's Game Experiment ,"
Econometrica ,
Econometric Society, vol. 58(5), pages 1065-81, September.
[Downloadable!] (restricted)
Full
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.)
Ted To, 1995.
"Risk and Evolution ,"
Microeconomics
9511003, EconWPA.
[Downloadable!]
Other versions:
Theodore To, 1995.
"Risk and Evolution ,"
CRIEFF Discussion Papers
9513, Centre for Research into Industry, Enterprise, Finance and the Firm.
Ted To, 1999.
"Risk and evolution ,"
Economic Theory ,
Springer, vol. 13(2), pages 329-343.
[Downloadable!] (restricted) Drew Fudenberg & David K Levine, 2006.
"An Economists Perspective on Multi-Agent Learning ,"
Levine's Working Paper Archive
784828000000000683, David K. Levine.
[Downloadable!]
Ed Hopkins & Robert M. Seymour, .
"Price Dispersion: an Evolutionary Approach ,"
ELSE working papers
043, ESRC Centre on Economics Learning and Social Evolution.
[Downloadable!]
Other versions:
Ed Hopkins, .
"Price Dispersion: An Evolutionary Approach ,"
ESE Discussion Papers
1, Edinburgh School of Economics, University of Edinburgh.
Ed Hopkins, .
"Price Dispersion: An Evolutionary Approach ,"
Department of Economics
1996 : III, Edinburgh School of Economics, University of Edinburgh.
[Downloadable!] Ed Hopkins, .
"Price Dispersion: An Evolutionary Approach ,"
Discussion Papers
1996-3, Edinburgh School of Economics, University of Edinburgh.
Ed Hopkins, 2004.
"Two Competing Models of How People Learn in Games ,"
ESE Discussion Papers
51, Edinburgh School of Economics, University of Edinburgh.
[Downloadable!]
Other versions: Michel Benaim & Josef Hofbauer & Ed Hopkins, 2006.
"Learning in Games with Unstable Equilibria ,"
Levine's Bibliography
321307000000000547, UCLA Department of Economics.
[Downloadable!]
Other versions: Takatoshi Tabuchi & Dao-Zhi Zeng, 2000.
"Stability of Spatial Equilibrium ,"
CIRJE F-Series
CIRJE-F-79, CIRJE, Faculty of Economics, University of Tokyo.
[Downloadable!]
Other versions: Fernando Lozano & Jaime Lozano & Mario García, 2007.
"An Artifitial Economy based on reinforcement learning and agent based modeling ,"
DOCUMENTOS DE TRABAJO
003907, UNIVERSIDAD DEL ROSARIO - FACULTAD DE ECONOMÍA.
[Downloadable!]
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This page was last updated on 2009-11-25.
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