Journal article icon

Journal article

On the Nonconvergence of Fictitious Play in Coordination Games.

Abstract:
It is shown by example that learning rules of the fictitious play type fail to converge in certain kinds of coordination games. Variants of fictitious play in which past actions are eventually forgotten and that incorporate small stochastic perturbations are better behaved for this class of games: over the long run, players coordinate with probability one.

Actions

Authors


Journal:
Games and Economic Behavior More from this journal
Volume:
25
Publication date:
1998-01-01
ISSN:
0899-8256


Language:
English
UUID:
uuid:7b4f2365-57fb-4434-84ed-7fcd9cd5ca59
Local pid:
oai:economics.ouls.ox.ac.uk:10735
Deposit date:
2011-08-16
ARK identifier:

Terms of use


Views and Downloads






If you are the owner of this record, you can report an update to it here: Report update to this record

TO TOP