Belief affirming in learning processes

Dov Monderer, Dov Samet, Aner Sela

Research output: Contribution to journalArticlepeer-review

15 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 languageEnglish
Pages (from-to)438-452
Number of pages15
JournalJournal of Economic Theory
Volume73
Issue number2
DOIs
StatePublished - 1 Apr 1997

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