Fictitious play and no-cycling conditions


Monderer, Dov ; Sela, Aner


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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
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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Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt.




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Monderer, Dov ; Sela, Aner (1997) Fictitious play and no-cycling conditions. Open Access [Working paper]
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