[PDF.85sh] Simple Adaptive Strategies: From Regret-Matching to Uncoupled Dynamics (World Scientific Series in Economic Theory)

Simple Adaptive Strategies: From Regret-Matching to Uncoupled Dynamics (World Scientific Series in Economic Theory)

[PDF.hv87] Simple Adaptive Strategies: From Regret-Matching to Uncoupled Dynamics (World Scientific Series in Economic Theory)

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 | #4059224 in Books |  World Scientific Publishing Company |  2013-03-23 |  2013-03-23 | Original language:English | PDF # 1 |  9.10 x1.00 x6.10l,1.35 | File type: PDF | 336 pages

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|| |"A fundamental issue with any concept of equilibrium, including Nash and correlated equilibria, is to define the process by which equilibrium is attained. The work of Professors Hart and Mas-Colell has been the deepest in this area, especially in defining c

This volume collects almost two decades of joint work of Sergiu Hart and Andreu Mas-Colell on game dynamics and equilibria. The starting point was the introduction of the adaptive strategy called regret-matching, which on the one hand is simple and natural, and on the other is shown to lead to correlated equilibria. This initial finding — boundedly rational behavior that yields fully rational outcomes in the long run — generated a large body of work on the dy...

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