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Recency, consistent learning, and Nash equilibrium

delete2014-07-14
delete26
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OA
AI
D
Drew Fudenberg
D
David K. Levine *
DOI:10.1073/pnas.1400987111delete
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Abstract

Abstract

En 中文
We examine the long-term implication of two models of learning with recency bias: recursive weights and limited memory. We show that both models generate similar beliefs and that both have a weighted universal consistency property. Using the limited-memory model we produce learning procedures that both are weighted universally consistent and converge with probability one to strict Nash equilibrium.
Keywords:
NORMAL-FORM GAMES
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Journal

P
Proceedings of the National Academy of Sciences of the United States of America
IF:
9.1
Papers:
10.8W
Citations:
73.5W

Organization

H
Harvard University
Scholars:
26.5W
Papers: 22.0W
Citations: 28.7W
E
European University Institute
Scholars:
794
Papers: 927
Citations: 977
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