The Theory Of Learning In Games
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The Theory of Learning in Games
| Author | : Drew Fudenberg |
| Publisher | : MIT Press |
| Total Pages | : 304 |
| Release | : 1998 |
| Genre | : Business & Economics |
| ISBN | : 9780262061940 |
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This work explains that equilibrium is the long-run outcome of a process in which non-fully rational players search for optimality over time. The models they e×plore provide a foundation for equilibrium theory and suggest ways for economists to evaluate and modify traditional equilibrium concepts.
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