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Simple adaptive strategies : from regret-matching to uncoupled dynamics
Authors: --- --- --- --- --- et al.
ISSN: 22512071 ISBN: 1299462324 9814390704 9789814390705 9789814390699 9814390690 9781299462328 Year: 2013 Volume: 4 Publisher: Hackensack, New Jersey : World Scientific Pub. Co. Pte. Ltd.,

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Abstract

This volume collects almost two decades of joint work of Sergiu Hart and Andreu Mas-Colell on game dynamics and equilibria. The starting point was the introduction of the adaptive strategy called regret-matching, which on the one hand is simple and natural, and on the other is shown to lead to correlated equilibria. This initial finding - boundedly rational behavior that yields fully rational outcomes in the long run - generated a large body of work on the dynamics of simple adaptive strategies. In particular, a natural condition on dynamics was identified: uncoupledness, whereby decision-make

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