Whither game theory? : towards a theory of learning in games
Title: Whither game theory? : towards a theory of learning in games
Publisher: Amer Economic Assoc
Citation: Journal of economic perspectives, 2016, Vol. 30, No.4, pp. 151-170
ISSN: 0895-3309; 1944-7965
Game theory has been a huge success in economics. Many important questions have been answered, and game theoretic methods are now central to much economic investigation. We suggest areas where further advances are important, and argue that models of learning are a promising route for improving and widening game theory's predictive power while preserving the successes of game theory where it already works well. We emphasize in particular the need for better understanding of the speed with which learning takes place.
Subject: Normal-Form Games; Infinitely Repeated Games; Equilibrium Selection; Public Information; Folk Theorem; Cooperation; Evolution; Dynamics; Models; Supergames
Files in this item
There are no files associated with this item.