Self-confirming equilibrium
Article Abstract:
An analysis of self-confirming equilibrium is presented. The equilibrium set assumes that player action is a function of his belief about other players, which are accurate following an equilibrium path ofplay. Repeated play of this equilibrium type generates consistent belief observation which is not necessarily correct. It is shown that self-confirming equilibria and the Nash equilibria exhibit differences.
Publication Name: Econometrica
Subject: Mathematics
ISSN: 0012-9682
Year: 1993
User Contributions:
Comment about this article or add new information about this topic:
Steady state learning and Nash equilibrium
Article Abstract:
An analysis of steady state learning and the Nash Equilibrium is presented. Under steady state systems, players adjust to oppposing strategies by updating Bayesian frameworks based on their perceptionsof state. Random assignments for a fixed extensive-form game are established for matched players, where an individual player follows realized action in his own matches but does not do so for other matches.
Publication Name: Econometrica
Subject: Mathematics
ISSN: 0012-9682
Year: 1993
User Contributions:
Comment about this article or add new information about this topic:
Maintaining a reputation against a long-lived opponent
Article Abstract:
A game is presented between a patient player and a nonmyopic, less patient player. Reputation models assume that a patient player uses private information and that he is committed to playing according to a particular strategy. The extent to which an uncommitted patient player will use to his advantage his patient opponent's uncertainty to keep up his reputation for being a committed player is analyzed.
Publication Name: Econometrica
Subject: Mathematics
ISSN: 0012-9682
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Endogenous endowments and equilibrium starvation in a Walrasian economy. The evolution of Walrasian behavior in oligopolies
- Abstracts: Equilibrium in an exchange economy with multiple indivisible commodities and money
- Abstracts: Existence of equilibria in economics with increasing returns and infinitely many commodities. Existence of marginal pricing equilibria in economies with externalities and non-convexities
- Abstracts: ARIMA models of the price level: an assessment of the multilevel adaptive learning process in the USA. A BVAR model for the Connecticut economy
- Abstracts: Indigent care as QUID pro QUO in hospital regulation. State regulation and hospital costs. Hospital costs and competition for services: a multiproduct analysis