Learning dynamics with social comparisons and limited memory
We study models of learning in games where agents with limited memory use social information to decide when and how to change their play. When agents observe only the aggregate distribution of payoffs and recall only information from the last period, aggregate play comes close to Nash equilibrium fo...
Main Authors: | Block, Juan I., Fudenberg, Drew, Levine, David K. |
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Other Authors: | Massachusetts Institute of Technology. Department of Economics |
Format: | Article |
Language: | English |
Published: |
The Econometric Society
2020
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Online Access: | https://hdl.handle.net/1721.1/128136 |
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