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portada Strategic Learning and its Limits (Ryde Lectures)
Type
Physical Book
Year
2005
Language
English
Pages
176
Format
Hardcover
Weight
0.80
ISBN
0199269181
ISBN13
9780199269181
Edition No.
1

Strategic Learning and its Limits (Ryde Lectures)

H. Peyton Young (Author) · Oxford University Press · Hardcover

Strategic Learning and its Limits (Ryde Lectures) - H. Peyton Young

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Synopsis "Strategic Learning and its Limits (Ryde Lectures) "

In this concise book based on his Arne Ryde Lectures in 2002, Young suggests a conceptual framework for studying strategic learning and highlights theoretical developments in the area. He discusses the interactive learning problem; reinforcement and regret; equilibrium; conditional no-regret learning; prediction, postdiction, and calibration; fictitious play and its variants; Bayesian learning; and hypothesis testing. Young's framework emphasizes the amount of information required to implement different types of learning rules, criteria for evaluating their performance, and alternative notions of equilibrium to which they converge. He also stresses the limits of what can be achieved: for a given type of game and a given amount of information, there may exist no learning procedure that satisfies certain reasonable criteria of performance and convergence. In short, Young has provided a valuable primer that delineates what we know, what we would like to know, and the limits of what we can know, when we try to learn about a system that is composed of other learners.

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