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The Speed of Rational Learning

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  • Alvaro Sandroni

Abstract

A stage game is played infinitely many times. After observing the outcomes of the games, players revise their beliefs about opponents' strategies. I show the general conditions under which players' predictions become accurate fast. Key words: Repeated Games, Rational Learning, Speed of Convergence Journal of Economic Literature classification number: D83 Learning.

Suggested Citation

  • Alvaro Sandroni, 1997. "The Speed of Rational Learning," Discussion Papers 1192, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    • Handle: RePEc:nwu:cmsems:1192
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    References listed on IDEAS

    as
    1. Kalai, Ehud & Lehrer, Ehud, 1994. "Weak and strong merging of opinions," Journal of Mathematical Economics, Elsevier, vol. 23(1), pages 73-86, January.
    2. Xavier Vives, 1993. "How Fast do Rational Agents Learn?," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 60(2), pages 329-347.
    3. Lehrer, Ehud & Smorodinsky, Rann, 1997. "Repeated Large Games with Incomplete Information," Games and Economic Behavior, Elsevier, vol. 18(1), pages 116-134, January.
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    More about this item

    Keywords

    repeated games; rational learning; speed of convergence journal of economic literature classification number: d83 learning.;
    All these keywords.

    JEL classification:

    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness

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