8. Learning and Friends

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15 février 2013

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OpenEdition Books

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OpenEdition

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https://creativecommons.org/licenses/by-sa/4.0/ , info:eu-repo/semantics/openAccess




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David K. Levine, « 8. Learning and Friends », Open Book Publishers, ID : 10670/1.pzwpor


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Nash equilibrium describes a situation in which players have identical and exactly correct beliefs about the strategies each player will choose. How and when might the players come to have correct beliefs, or at least beliefs that are close enough to being correct that the outcome corresponds to a Nash equilibrium? Fudenberg and Kreps, 1993 Do economists blindly assume that people are rational and have rational expectations? Ironically the notion of rational expectations that is widely attack...

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