SIMPLE ADAPTIVE STRATEGIES: FROM REGRET-MATCHING TO UNCOUPLED

SIMPLE ADAPTIVE STRATEGIES: FROM REGRET-MATCHING TO UNCOUPLED DYNAMICS (World Scientific Economic Theory)
- Used Book in Good Condition
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 â€” boundedly rational behavior that yields fully rational outcomes in the long run â€” 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-makers do not know each other's payoffs and utilities (so, while chosen actions may be observable, the motivations are not). This condition turns out to severely limit the equilibria that can be reached. Interestingly, there are connections to the behavioral and neurobiological sciences and also to computer science and engineering (e.g., via notions of "regret").
Simple Adaptive Strategies is self-contained and unified in its presentation. Together with the formal treatment of concepts, theorems, and proofs, significant space is devoted to informal explanations and illuminating examples. It may be used for advanced graduate courses â€” in game theory, economics, mathematics, computer science, engineering â€” and for further research.
Readership: Graduate students and researchers in game theory, economic theory, econometrics, computer science and engineering.
Country USA
Brand World Scientific Publishing Company
Manufacturer World Scientific Publishing Company
Binding Hardcover
ItemPartNumber Refer to Sapnet.
ReleaseDate 2013-03-23
UnitCount 1
EANs 9789814390699

Country	USA
Brand	World Scientific Publishing Company
Manufacturer	World Scientific Publishing Company
Binding	Hardcover
ItemPartNumber	Refer to Sapnet.
ReleaseDate	2013-03-23
UnitCount	1
EANs	9789814390699

SIMPLE ADAPTIVE STRATEGIES: FROM REGRET-MATCHING TO UNCOUPLED DYNAMICS (World Scientific Economic Theory)

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