Skip to main content
Article thumbnail
Location of Repository

Limits to rational learning

By Yehuda John Levy

Abstract

A long-standing open question raised in the seminal paper of Kalai and Lehrer (1993) is whether or not the play of a repeated game, in the rational learning model introduced there, must eventually resemble the play of exact equilibria, and not just the play of approximate equilibria as demonstrated there. This paper shows that play may remain distant – in fact, mutually singular – from the play of any equilibrium of the repeated game. We further show that the same inaccessibility holds in Bayesian games, where the play of a Bayesian equilibrium may continue to remain distant from the play of any equilibrium of the true game

Publisher: Elsevier
Year: 2015
OAI identifier: oai:eprints.gla.ac.uk:129887
Provided by: Enlighten
Download PDF:
Sorry, we are unable to provide the full text but you may find it at the following location(s):
  • http://dx.doi.org/10.1016/j.je... (external link)
  • Suggested articles


    To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.