Article ID Journal Published Year Pages File Type
956660 Journal of Economic Theory 2014 11 Pages PDF
Abstract

I provide a full characterization of the set of absolutely expedient learning rules introduced in Börgers et al. [2]. The expected change in the expected payoff can be written as a quadratic form on the vector of relative expected payoffs of the strategies. This permits use of standard linear algebra arguments to provide a characterization in terms of the matrix defining this quadratic form.

Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Authors
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