Strategic Learning and its Limits

Business & Finance, Economics, Economic Development, Nonfiction, Science & Nature, Mathematics
Cover of the book Strategic Learning and its Limits by H. Peyton Young, OUP Oxford
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: H. Peyton Young ISBN: 9780191500732
Publisher: OUP Oxford Publication: November 4, 2004
Imprint: OUP Oxford Language: English
Author: H. Peyton Young
ISBN: 9780191500732
Publisher: OUP Oxford
Publication: November 4, 2004
Imprint: OUP Oxford
Language: English

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.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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.

More books from OUP Oxford

Cover of the book International Trust Disputes by H. Peyton Young
Cover of the book Panic Disorder: The Facts by H. Peyton Young
Cover of the book Macro Markets by H. Peyton Young
Cover of the book Shakespeare's Tragedies: A Very Short Introduction by H. Peyton Young
Cover of the book Weimar Germany by H. Peyton Young
Cover of the book Aristocracy: A Very Short Introduction by H. Peyton Young
Cover of the book MCQs in Travel Medicine by H. Peyton Young
Cover of the book Identifying the Enemy by H. Peyton Young
Cover of the book Boundaries and Allegiances by H. Peyton Young
Cover of the book EU Legal Acts by H. Peyton Young
Cover of the book The Maudsley Handbook of Practical Psychiatry by H. Peyton Young
Cover of the book Limits, Limits Everywhere by H. Peyton Young
Cover of the book Major Recessions: Britain and the World 1920-1995 by H. Peyton Young
Cover of the book Handbook of Musical Identities by H. Peyton Young
Cover of the book Misery to Mirth by H. Peyton Young
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy