The Theory of Learning in Games

Posted By: torbo
The Theory of Learning in Games

Drew Fudenberg,«The Theory of Learning in Games»
The MIT Press | ISBN 0262061945 | PDF | 1,80 Mb | 286 Pages | 1998 Year

In economics, most noncooperative game theory has focused on equilibrium in games, especially Nash equilibrium and its refinements. The traditional explanation for when and why equilibrium arises is that it results from analysis and introspection by the players in a situation where the rules of the game, the rationality of the players, and the players' payoff functions are all common knowledge. Both conceptually and empirically, this theory has many problems.