The convergence of least squares learning in stochastic temporary equilibrium models

2002 ◽  
Vol 20 (4) ◽  
pp. 837-847 ◽  
Author(s):  
Shurojit Chatterji
Author(s):  
Jacob K. Goeree ◽  
Charles A. Holt ◽  
Thomas R. Palfrey

This chapter explores questions related to learning and dynamics. The first part explores dynamic quantal response equilibrium models where strategies are conditioned on observed histories of past decisions and outcomes of stage games. The second part considers models in which players are learning about others' behavior via a process in which they may update and respond to current beliefs in a noisy (quantal) manner. The final section explores learning models that involve quantal responses to beliefs formed by processing information from finite (but possibly long) histories of prior or observed action profiles. The formulation permits consideration of a wide variety of exogenous or even endogenous (e.g., least squares) learning rules.


2021 ◽  
Author(s):  
Chunlei Zhao ◽  
Zhiwei He ◽  
Ming Fang ◽  
Shoujiang Yu ◽  
Yifan Guo

1995 ◽  
Vol 19 (5-7) ◽  
pp. 1293-1296 ◽  
Author(s):  
M.C. Chang ◽  
C.Y.Cyrus Chu ◽  
Kenneth S. Lin

Sign in / Sign up

Export Citation Format

Share Document