Restricted attention, myopic play, and the learning of equilibrium

Restricted attention, myopic play, and the learning of equilibrium

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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:
Abstract:

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.

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