Strategic control of myopic best reply in repeated games Reportar como inadecuado




Strategic control of myopic best reply in repeated games - Descarga este documento en PDF. Documentación en PDF para descargar gratis. Disponible también para leer online.

Abstract

How can a rational player strategically control a myopic best reply player in a repeated two-player game? We show that in games with strategic substitutes or strategic complements the optimal control strategy is monotone in the initial action of the opponent, in time periods, and in the discount rate. As an interesting example outside this class of games we present a repeated ``textbook-like- Cournot duopoly with non-negative prices and show that the optimal control strategy involves a cycle.



Item Type: MPRA Paper -

Original Title: Strategic control of myopic best reply in repeated games-

Language: English-

Keywords: strategic teaching, learning, adaptive heuristics, dynamic optimization, strategic substitutes, strategic complements, myopic players-

Subjects: C - Mathematical and Quantitative Methods > C7 - Game Theory and Bargaining Theory > C70 - GeneralC - Mathematical and Quantitative Methods > C7 - Game Theory and Bargaining Theory > C72 - Noncooperative GamesC - Mathematical and Quantitative Methods > C7 - Game Theory and Bargaining Theory > C73 - Stochastic and Dynamic Games ; Evolutionary Games ; Repeated Games-





Autor: Schipper, Burkhard C

Fuente: https://mpra.ub.uni-muenchen.de/30219/



DESCARGAR PDF




Documentos relacionados