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| Tekijä: | Sandroni, A. |
| Otsikko: | Necessary and sufficient conditions for convergence to Nash equilibrium: the almost absolute continuity hypothesis |
| Lehti: | Games and Economic Behavior
1998 : JAN, VOL. 22:1, p. 121-147 |
| Asiasana: | GAMES ECONOMIC BEHAVIOUR |
| Kieli: | eng |
| Tiivistelmä: | Kalai and Lehrer (1993a,b) have shown that if play induced by optimal strategies is absolutely continuous with respect to players' beliefs about the future evolution of play, then Bayesian updating eventually leads to nash equilibrium. However, absolute continuity is not a necessary condition for weak convergence to Nash equilibrium. In this paper, the author presents a set of necessary and sufficient conditions that ensure that Bayesian updating eventually leads to Nash equilibrium. |
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