The Theory of Learning Games
FUDENBERG, Drew; LEVINE, David K.
Published by The MIT Press, Cambridge, Mass., 1999
- Hardcover
- Used
Seller: Attic Books (ABAC, ILAB), London, ON, CanadaAttic Books (ABAC, ILAB)
AbeBooks seller since December 15, 2006
Condition: Used
£ 19.43
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Add to basketItem description from seller
MIT Press Series on Economic Learning and Social Evolution 2. xiv, 276 p. 24 cm. Blue cloth. Ex library with labels on spine and front, ink stamps on top edge, rear pastedown and title. Spine faded.
Seller Inventory # 148891
- Title
- The Theory of Learning Games
- Author
- FUDENBERG, Drew; LEVINE, David K.
- Publisher
- The MIT Press, Cambridge, Mass.
- Publication year
- 1999
- Condition
- ex library-very good
- Binding
- Hardcover
- ISBN 10
- 0262061945
- ISBN 13
- 9780262061940
- Seller catalogs
- Science
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.
"Synopsis" may belong to another edition of this title.
About the Author
David K. Levine is John H. Biggs Distinguished Professor of Economics at Washington University, St. Louis.
"About the title" may belong to another edition of this title.
Attic Books (ABAC, ILAB)
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