arrow
Return

Conjectural equilibrium in multiagent learning

delete1998-01-01
delete46
delete
OA
AI
M
Michael P. Wellman
J
Junling Hu
DOI:10.1023/A:1007514623589delete
deleteOriginal
deleteShare
deleteSave
View PDF
Abstract

Abstract

En 中文
Learning in a multiagent environment is complicated by the fact that as other agents learn, the environment effectively changes. Moreover, other agents' actions are often not directly observable, and the actions taken by the learning agent can strongly bias which range of behaviors are encountered. We define the concept of a conjectural equilibrium, where all agents' expectations are realized, and each agent responds optimally to its expectations. We present a generic multiagent exchange situation, in which competitive behavior constitutes a conjectural equilibrium. We then introduce an agent that executes a more sophisticated strategic learning strategy, building a model of the response of other agents. We find that the system reliably converges to a conjectural equilibrium, but that the final result achieved is highly sensitive to initial belief. In essence, the strategic learner's actions tend to fulfill its expectations. Depending on the starting point, the agent may be better or worse off than had it not attempted to learn a model of the other agents at all.
Keywords:
multiagent learning
conjectural equilibrium
market game
AI Summary

AI Summary

Key information extracted from the uploaded paper, including a brief overview, abstract, background, key highlights, visual analysis, and future outlook.

Journal

Machine Learning cover
Machine Learning
IF:
2.9
Papers:
2.6K
Citations:
3.4W

Organization

No organization information available