A learning process is belief affirming if the difference between a player's expected payoff in the next period, and the average of his or her past payoffs converges to zero. We show that every smooth discrete fictitious play and every continuous fictitious play is belief affirming. We also provide conditions under which general averaging processes are belief affirming.Journal of Economic LiteratureClassification Numbers: C72, C73, D83.
ASJC Scopus subject areas
- Economics and Econometrics