Belief affirming in learning processes

成果类型:
Article
署名作者:
Monderer, D; Samet, D; Sela, A
署名单位:
Tel Aviv University; Ben-Gurion University of the Negev
刊物名称:
JOURNAL OF ECONOMIC THEORY
ISSN/ISSBN:
0022-0531
DOI:
10.1006/jeth.1996.2245
发表日期:
1997
页码:
438-452
关键词:
摘要:
A learning process is belief affirming if the difference between a player's expected payoff in the next period, and the average of his or her past payoffs converges to zero. We show that every smooth discrete fictitious play and every continuous fictitious play is belief affirming. We also provide conditions under which general averaging processes are belief affirming. (C) 1997 Academic Press.