Expedient and monotone learning rules

Econometrica

Volumn 72, Issue 2, 2004, Pages 383-405

  Börgers, Tilman ^a   Morales, Antonio J ^b   Sarin, Rajiv ^c  

^a UNIVERSITY COLLEGE LONDON   (United Kingdom)

^b UNIVERSITY OF MÁLAGA   (Spain)

^c TEXAS A AND M UNIVERSITY   (United States)

Author keywords

Absolute expediency; Bounded rationality; Learning; Monotonicity; Replicator dynamics

Indexed keywords

DECISION MAKING; GAME THEORY; LEARNING SYSTEMS; MATHEMATICAL MODELS;

LEARNING PROCESS; LEARNING RULES;

ECONOMICS;

EID: 12144288033     PISSN: 00129682     EISSN: None     Source Type: Journal    
DOI: 10.1111/j.1468-0262.2004.00495.x     Document Type: Article

References (16)

1. Börgers, T., and R. Sarin (1997): "Learning Through Reinforcement and Replicator Dynamics," Journal of Economic Theory, 77, 1-14.
2. ____ (2000): "Naive Reinforcement Learning with Endogenous Aspirations," International Economic Review, 41, 921-950.
3. Bush, R., and F. Mosteller (1951): "A Mathematical Model for Simple Learning," Psychological Review, 58, 313-323.
4. Cross, J. (1973): "A Stochastic Learning Model of Economic Behavior," Quarterly Journal of Economics, 87, 239-266.
5. Erev, I., and A. Roth (1998): "Predicting How People Play Games: Reinforcement Learning in Games with Unique, Mixed Strategy Equilibria," American Economic Review, 88, 848-881.
6. Friedman, D. (1991) "Evolutionary Games in Economics," Econometrica, 59, 637-666.
7. Fudenberg, D., and D. Levine (1998): The Theory of Learning in Games. Cambridge and London: MIT Press.
8. Lakshmivarahan, S., and M. Thathachar (1973): "Absolutely Expedient Learning Algorithms for Stochastic Automata," IEEE Transactions on Systems, Man and Cybernetics, 3, 281-286.
9. Narendra, K., and M. Thathachar (1989): Learning Automata: An Introduction. Englewood Cliffs: Prentice-Hall.
10. Roth, A., and I. Erev (1995): "Learning in Extensive-Form Games: Experimental Data and Simple Dynamic Models in the Intermediate Term," Games and Economic Behavior, 8, 164-212.
11. Samuelson, L., and J. Zhang (1992): "Evolutionary Stability in Asymmetric Games," Journal of Economic Theory, 57, 363-391.
12. Sarin, R. (1995): "Learning Through Reinforcement: The Cross Model," Unpublished Manuscript, Texas A&M University.
13. Schlag, K. (1994): "A Note on Efficient Learning Rules," Unpublished Manuscript, University of Bonn.
14. ____ (1998): "Why Imitate, and if so How? A Bounded Rational Approach to Multi-Armed Bandits," Journal of Economic Theory, 78, 130-156.
15. ____ (2002): "How to Choose - A Boundedly Rational Approach to Repeated Decision Making," Unpublished Manuscript, European University Institute.
16. Toyama, Y., and M. Kimura (1977): "On Learning Automata in Nonstationary Random Environments," Systems, Computers, Controls, 8, 66-73.