Article ID Journal Published Year Pages File Type
957026 Journal of Economic Theory 2014 12 Pages PDF
Abstract

We consider reinforcement learning in games with both positive and negative payoffs. The Cross rule is the prototypical reinforcement learning rule in games that have only positive payoffs. We extend this rule to incorporate negative payoffs to obtain the generalized reinforcement learning rule. Applying this rule to a population game, we obtain the generalized reinforcement dynamic which describes the evolution of mixed strategies in the population. We apply the dynamic to the class of Rock–Scissor–Paper (RSP) games to establish local convergence to the interior rest point in all such games, including the bad RSP game.

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