1.

Record Nr.

UNINA9910452323603321

Autore

Hart Sergiu

Titolo

Simple adaptive strategies [[electronic resource] ] : from regret-matching to uncoupled dynamics / / Sergiu Hart, Andreu Mas-Colell ; with the collaboration of Yakov Babichenko ... [et al.]

Pubbl/distr/stampa

Hackensack, N.J., : World Scientific Pub. Co. Pte. Ltd., 2013

ISBN

1-299-46232-4

981-4390-70-4

Descrizione fisica

1 online resource (335 p.)

Collana

World Scientific series in economic theory, , 2251-2071 ; ; v. 4

Altri autori (Persone)

Mas-ColellAndreu

BabichenkoYakov

Disciplina

519.3

Soggetti

Games of strategy (Mathematics)

Heuristic algorithms

Electronic books.

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

pt. I. Correlated equilibria -- pt. II. Regret matching -- pt. III. Uncoupled dynamics -- pt. IV. Dynamics and equilibria.

Sommario/riassunto

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 dynamics of simple adaptive strategies. In particular, a natural condition on dynamics was identified: uncoupledness, whereby decision-make