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Selecting efficient correlated equilibria through distributed learning

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  • Marden, Jason R.

Abstract

A learning rule is completely uncoupled if each player's behavior is conditioned only on his own realized payoffs, and does not need to know the actions or payoffs of anyone else. We demonstrate a simple, completely uncoupled learning rule such that, in any finite normal form game with generic payoffs, the players' realized strategies implements a socially optimal coarse correlated (Hannan) equilibrium a very high proportion of the time. That is, the empirical frequency associated with the players' collective behavior will be consistent with a socially optimal coarse correlated equilibrium. A variant of the rule implements a socially optimal correlated equilibrium a very high proportion of the time.

Suggested Citation

  • Marden, Jason R., 2017. "Selecting efficient correlated equilibria through distributed learning," Games and Economic Behavior, Elsevier, vol. 106(C), pages 114-133.
    • Handle: RePEc:eee:gamebe:v:106:y:2017:i:c:p:114-133
    DOI: 10.1016/j.geb.2017.09.007
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    References listed on IDEAS

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    1. Sergiu Hart & Andreu Mas-Colell, 2013. "A Simple Adaptive Procedure Leading To Correlated Equilibrium," World Scientific Book Chapters, in: Simple Adaptive Strategies From Regret-Matching to Uncoupled Dynamics, chapter 2, pages 17-46, World Scientific Publishing Co. Pte. Ltd..
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    Cited by:

    1. Holly P. Borowski & Jason R. Marden & Jeff S. Shamma, 2019. "Learning to Play Efficient Coarse Correlated Equilibria," Dynamic Games and Applications, Springer, vol. 9(1), pages 24-46, March.

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    More about this item

    Keywords

    Game theory; Learning; Networked control;
    All these keywords.

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness

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