Results in learning theory show that in many games adaptive learning converges to Nash equilibrium, the type of equilibrium most commonly used in studying strategic situations. However, there is a dark side, rarely acknowledged, to the theory. In some other games learning never converges but rather continues to cycle.
|Type||Focus Paper Series|
|Publisher||Edinburgh School of Economics Focus Paper Series|
|Number of pages||2|
|Publication status||Published - 2014|
|Name||Focus Paper Series|
|Publisher||Edinburgh School of Economics|