The geometry of inductive reasoning in games |
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Authors: | Diana Richards |
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Institution: | (1) Department of Political Science, University of Minnesota, Minneapolis, MN 55455, USA, US |
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Abstract: | Summary. This paper contributes to the recent focus on dynamics in noncooperative games when players use inductive learning. The most
well-known inductive learning rule, Brown’s fictitious play, is known to converge for games, yet many examples exist where fictitious play reasoning fails to converge to a Nash equilibrium. Building on ideas
from chaotic dynamics, this paper develops a geometric conceptualization of instability in games, allowing for a reinterpretation
of existing results and suggesting avenues for new results.
Received: October 27, 1995 revised version May 2, 1996 |
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Keywords: | JEL Classification Numbers: C72 D83 |
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