Article ID: | iaor19991388 |
Country: | Netherlands |
Volume: | 82 |
Issue: | 1 |
Start Page Number: | 473 |
End Page Number: | 482 |
Publication Date: | Aug 1998 |
Journal: | Annals of Operations Research |
Authors: | Flm Sjur Didrik |
We consider repeated play of noncooperative games in which agents have more decisions to consider at every stage than their attention allows. However, under a monotonicity assumption, if every variable is adjusted cyclically, as guided by marginal payoffs, then myopic steps lead to Nash equilibrium in the long run.