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The Theory of Learning in Games (Economic Learning and Social Evolution) - Softcover

Fudenberg, Drew; Levine, David K.

 
9780262529242: The Theory of Learning in Games (Economic Learning and Social Evolution)
Softcover
ISBN 10: 0262529246 ISBN 13: 9780262529242
Verlag: MIT Press, 1998

Inhaltsangabe

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.

In The Theory of Learning in Games Drew Fudenberg and David Levine develop an alternative explanation that equilibrium arises as the long-run outcome of a process in which less than fully rational players grope for optimality over time. The models they explore provide a foundation for equilibrium theory and suggest useful ways for economists to evaluate and modify traditional equilibrium concepts.

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Über die Autorin bzw. den Autor

Drew Fudenberg is Professor of Economics at MIT.

David K. Levine is John H. Biggs Distinguished Professor of Economics at Washington University, St. Louis.

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Verlag
MIT Press
Erscheinungsdatum
1998
Sprache
Englisch
ISBN 10 
0262529246
ISBN 13 
9780262529242
Einband
Taschenbuch
Anzahl der Seiten
293
Kontakt zum Hersteller
Nicht verfügbar
Verantwortliche Person
gpsr@libri.de
gpsr@libri.de

Europaallee 1
Bad Hersfeld
36244
Deutschland