Learning in Bayesian Games by Bounded Rational Players I

نویسندگان

  • TAESUNG KIM
  • NICHOLAS C. YANNELIS
چکیده

We study learning in Bayesian games (or games with differential information) with an arbitrary number of bounded rational players, i.e., players who choose approximate best response strategies [approximate Bayesian Nash Equilibrium (BNE) strategies] and who also are allowed to be completely irrational in some states of the world. We show that bounded rational players by repetition can reach a limit full information BNE outcome. We also prove the converse, i.e., given a limit full information BNE outcome, we can construct a sequence of bounded rational plays that converges to the limit full information BNE outcome.

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تاریخ انتشار 1997