Simple Adaptive Strategies: From Regret-matching To Uncoupled Dynamics

Simple Adaptive Strategies: From Regret-matching To Uncoupled Dynamics
Author :
Publisher : World Scientific
Total Pages : 335
Release :
ISBN-10 : 9789814401593
ISBN-13 : 9814401595
Rating : 4/5 (93 Downloads)

Book Synopsis Simple Adaptive Strategies: From Regret-matching To Uncoupled Dynamics by : Sergiu Hart

Download or read book Simple Adaptive Strategies: From Regret-matching To Uncoupled Dynamics written by Sergiu Hart and published by World Scientific. This book was released on 2013-01-22 with total page 335 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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-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 — in game theory, economics, mathematics, computer science, engineering — and for further research.


Simple Adaptive Strategies: From Regret-matching To Uncoupled Dynamics Related Books

Simple Adaptive Strategies: From Regret-matching To Uncoupled Dynamics
Language: en
Pages: 335
Authors: Sergiu Hart
Categories: Mathematics
Type: BOOK - Published: 2013-01-22 - Publisher: World Scientific

DOWNLOAD EBOOK

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 introduct
Algorithmic Game Theory
Language: en
Pages: 307
Authors: Ron Lavi
Categories: Computers
Type: BOOK - Published: 2014-09-05 - Publisher: Springer

DOWNLOAD EBOOK

This book constitutes the refereed proceedings of the 7th International Symposium on Algorithmic Game Theory, SAGT 2014, held in Haifa, Israel, in October 2014.
Prediction, Learning, and Games
Language: en
Pages: 4
Authors: Nicolo Cesa-Bianchi
Categories: Computers
Type: BOOK - Published: 2006-03-13 - Publisher: Cambridge University Press

DOWNLOAD EBOOK

This important text and reference for researchers and students in machine learning, game theory, statistics and information theory offers a comprehensive treatm
Partially Observed Markov Decision Processes
Language: en
Pages: 491
Authors: Vikram Krishnamurthy
Categories: Mathematics
Type: BOOK - Published: 2016-03-21 - Publisher: Cambridge University Press

DOWNLOAD EBOOK

This book covers formulation, algorithms, and structural results of partially observed Markov decision processes, whilst linking theory to real-world applicatio
Mathematical Foundations of Game Theory
Language: en
Pages: 240
Authors: Rida Laraki
Categories: Mathematics
Type: BOOK - Published: 2019-09-07 - Publisher: Springer Nature

DOWNLOAD EBOOK

This book gives a concise presentation of the mathematical foundations of Game Theory, with an emphasis on strategic analysis linked to information and dynamics