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Strategic learning in games with symmetric information

Research output: Contribution to journalReview articlepeer-review

Abstract

This article studies situations in which agents do not initially know the effect of their decisions, but learn from experience the payoffs induced by their choices and their opponents'. We chararacterize equilibrium payoffs in terms of simple strategies in which an exploration phase is followed by a payoff acquisition phase.

Original languageEnglish
Pages (from-to)25-47
Number of pages23
JournalGames and Economic Behavior
Volume42
Issue number1
DOIs
Publication statusPublished - 1 Jan 2003
Externally publishedYes

Keywords

  • Bandit problems
  • Games with incomplete information
  • Public value of information

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