Ed Hopkins discusses Understanding Cyclical Behaviour in Strategic Situations

Research output: Other contribution

Abstract

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.
Original languageEnglish
TypeFocus Paper Series
PublisherEdinburgh School of Economics Focus Paper Series
Number of pages2
Publication statusPublished - 2014

Publication series

NameFocus Paper Series
PublisherEdinburgh School of Economics
No.12

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