Fictitious play , Game Theory

 

A method by that players assume that the methods of their opponents are randomly chosen from some unknown stationary distribution. In every amount, a player selects her best response to the historical frequency of actions of her opponents. the method was initial noted by Julia Robinson who conjointly noted that the method converges to the equilibrium for two-player zero add games. whereas the method doesn't invariably converge in different settings, it's known that if it converges, then the purpose of convergence may be a Nash equilibrium of the sport.

 

Posted Date: 7/21/2012 3:56:24 AM | Location : United States







Related Discussions:- Fictitious play , Assignment Help, Ask Question on Fictitious play , Get Answer, Expert's Help, Fictitious play Discussions

Write discussion on Fictitious play
Your posts are moderated
Related Questions
Explain the financial system terms definitions. The Financial System Definitions: Wealth It is sum of Current Savings and Accumulated Savings Financial asset P


A sealed-bid second worth auction during which participants every simultaneously submit bids. The auctioneer discloses the identity of the very best bidder who is said the winner.

a) Show that A counting proof could be fun(?). But any old proof will do. (Note that the coefficients (1,2,1) in the above are just the elements of the second row of Pas

An equilibrium refinement provides how of choosing one or many equilibria from among several in a very game. several games might contain many Nash equilibria, and therefore supply

a) This you just have to list all the attributes for the program. i.e. unique id's for puzzle pieces, attributes for the puzzle like a data field for the number of edges, methods t

why might an airline offer the following deal: you pay 400 for a round trip ticket from here to orlando, but you only pay 300 per ticket if you stayy in orlando includes a saturday

1. Two firms, producing an identical good, engage in price competition. The cost functions are c 1 (y 1 ) = 1:17y 1 and c 2 (y 2 ) = 1:19y 2 , correspondingly. The demand functi

Two individuals use a common resource (a river or a forest, for example) to produce output. The more the resource is used, the less output any given individual can produce. Denote

Ordinally Symmetric Game Scenario Any game during which the identity of the player doesn't amendment the relative order of the ensuing payoffs facing that player. In different w