Strategic learning in games with symmetric information

Olivier Gossner; Nicolas Vieille

doi:10.1016/S0899-8256(02)00535-3

Strategic learning in games with symmetric information

Olivier Gossner, Nicolas Vieille

Economics

Research output: Contribution to journal › Review article › peer-review

Abstract

This article studies situations in which agents do not initially know the effect of their decisions, but learn from experience the payoffs induced by their choices and their opponents'. We chararacterize equilibrium payoffs in terms of simple strategies in which an exploration phase is followed by a payoff acquisition phase.

Original language	English (US)
Pages (from-to)	25-47
Number of pages	23
Journal	Games and Economic Behavior
Volume	42
Issue number	1
DOIs	https://doi.org/10.1016/S0899-8256(02)00535-3
State	Published - Jan 2003

Keywords

Bandit problems
Games with incomplete information
Public value of information

ASJC Scopus subject areas

Finance
Economics and Econometrics

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10.1016/S0899-8256(02)00535-3

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abstract = "This article studies situations in which agents do not initially know the effect of their decisions, but learn from experience the payoffs induced by their choices and their opponents'. We chararacterize equilibrium payoffs in terms of simple strategies in which an exploration phase is followed by a payoff acquisition phase.",

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KW - Games with incomplete information

KW - Public value of information

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Strategic learning in games with symmetric information

Abstract

Keywords

ASJC Scopus subject areas

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