کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5071854 1477072 2014 20 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Learning with bounded memory in games
ترجمه فارسی عنوان
یادگیری با حافظه محدود در بازی
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
چکیده انگلیسی


- We study zero-sum repeated games with one-sided incomplete information.
- The uninformed player has only a fixed number of memory states available.
- Her strategy is to choose a transition rule and an action rule.
- Equilibrium transition rule involves randomization only in the intermediate memory states.
- Inertia is the main short-run bias exhibited by the bounded memory player.

We study learning with bounded memory in zero-sum repeated games with one-sided incomplete information. The uninformed player has only a fixed number of memory states available. His strategy is to choose a transition rule from state to state, and an action rule, which is a map from each memory state to the set of actions. We show that the equilibrium transition rule involves randomization only in the intermediate memory states. Such randomization, or less frequent updating, is interpreted as a way of testing the opponent, which generates inertia in the player's behavior and is the main short-run bias in information processing exhibited by the bounded memory player.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Games and Economic Behavior - Volume 87, September 2014, Pages 204-223
نویسندگان
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