Learning With Hazy Beliefs.
Players are rational if they always choose best replies given their beliefs. They are good predictors if the difference between their beliefs and the distribution of the others' actual strategies goes to zero over time. Learning is deterministic if beliefs are fully determined by the initial co...
| Main Authors: | , |
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| Format: | Working paper |
| Jezik: | English |
| Izdano: |
Department of Economics (John Hopkins University)
1996
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