Belief affirming in learning processes

Dov Monderer; Dov Samet; Aner Sela

doi:10.1006/jeth.1996.2245

Belief affirming in learning processes

Dov Monderer, Dov Samet, Aner Sela

Department of Economics

Research output: Contribution to journal › Article › peer-review

17 Scopus citations

Abstract

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.

Original language	English
Pages (from-to)	438-452
Number of pages	15
Journal	Journal of Economic Theory
Volume	73
Issue number	2
DOIs	https://doi.org/10.1006/jeth.1996.2245
State	Published - 1 Apr 1997

ASJC Scopus subject areas

Economics and Econometrics

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10.1006/jeth.1996.2245

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abstract = "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.",

author = "Dov Monderer and Dov Samet and Aner Sela",

note = "Funding Information: * We thank Drew Fudenberg for very helpful discussions and suggestions. This work was supported by the Fund for the Promotion of Research in the Technion. -E-mail: dov ie.technion.ac.il. E-mail: samet vm.tau.ac.il.",

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N2 - 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.

AB - 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.

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Belief affirming in learning processes

Abstract

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