Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
956660 | Journal of Economic Theory | 2014 | 11 Pages |
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.
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Economics and Econometrics
Authors
Carlos Oyarzun,