Fictitious play and no-cycling conditions

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URL:	http://ub-madoc.bib.uni-mannheim.de/2899
URN:	urn:nbn:de:bsz:180-madoc-28992
Document Type:	Working paper
Year of publication:	1997
The title of a journal, publication series:	None
Publication language:	English
Institution:	School of Law and Economics > Sonstige - Fakultät für Rechtswissenschaft und Volkswirtschaftslehre
MADOC publication series:	Sonderforschungsbereich 504 > Rationalitätskonzepte, Entscheidungsverhalten und ökonomische Modellierung (Laufzeit 1997 - 2008)
Subject:	330 Economics
Subject headings (SWD):	Spieltheorie
Abstract:	We investigate the paths of pure strategy profiles induced by the fictitious play process. We present rules that such paths must follow. Using these rules we prove that every non-degenerate 2x3 game has the continuous fictitious play property, that is, every continuous fictitious play process, independent of initial actions and beliefs, approaches equilibrium in such games.
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BASE: Monderer, Dov ; Sela, Aner

Google Scholar: Monderer, Dov ; Sela, Aner

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