The Theory of Learning in Games

The Theory of Learning in Games

by Drew Fudenberg, David K. Levine

276 pages· 1998· ISBN 9780262061940
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This work explains that equilibrium is the long-run outcome of a process in which non-fully rational players search for optimality over time. The models they e×plore provide a foundation for equilibrium theory and suggest ways for economists to evaluate and modify traditional equilibrium concepts.

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