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Learning Correlated Equilibria in Potential Games

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Author Info
Ianni, A.

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Abstract

The paper develops a framework for the analysis of finite n-player games, recurrently played by randomly drawn n-tuples of players, from a finite population. We first relate the set of equilibria of this game to the set of correlated equilibria of the underlying game, and then focus on learning processes modelled as Markovian adaptive dynamics. For the class of potential games, we show that any myopic-best reply dynamics converges (in probability) to a correlated equilibrium. We also analyze noisy best reply dynamics, where players' behaviour is perturbed by payoff dependent mistakes, and explicitly characterize the limit distribution of the perturbed game in terms of the correlated equilibrium payoff of the underlying game.

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Publisher Info
Paper provided by Economics Division, School of Social Sciences, University of Southampton in its series Discussion Paper Series In Economics And Econometrics with number 0012.

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Date of creation: 01 Jan 2000
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Handle: RePEc:stn:sotoec:0012

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  1. Ianni, A. & Corradi, V., 2000. "Ergodicity and Clustering in Opinion Formation," Discussion Paper Series In Economics And Econometrics 0011, Economics Division, School of Social Sciences, University of Southampton. [Downloadable!]
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  2. repec:att:wimass:192015 is not listed on IDEAS
  3. Ianni, A. & Corradi, V., 2000. "Consensus, Contagion and Clustering in a Space-Time Model of Public Opinion Formation," Discussion Paper Series In Economics And Econometrics 0009, Economics Division, School of Social Sciences, University of Southampton. [Downloadable!]
  4. Josef Hofbauer & William H. Sandholm, 2001. "Evolution and Learning in Games with Randomly Disturbed Payoffs," Vienna Economics Papers 0205, University of Vienna, Department of Economics. [Downloadable!]
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