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Restricted attention, myoptic play, and the learning of equilibrium. (English) Zbl 0910.90281

Summary: 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.

MSC:

91A20 Multistage and repeated games
91B24 Microeconomic theory (price theory and economic markets)
91A10 Noncooperative games
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