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A Bayesian theory of games : iterative conjectures and determination of equilibrium by Dr Jimmy Teng is a nonfiction available to read on EtoBox.

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Summary A Bayesian Theory of Games introduces a new game theoretic equilibrium concept: Bayesian equilibrium by iterative conjectures (BEIC). The new equilibrium concept achieves consistencies in results among different types of games that current games theory at times fails to. BEIC requires players to make predictions on the strategies of other players starting from first order uninformative predictive distribution functions (or conjectures) and keep updating with Bayesian statistical decision theoretic and game theoretic reasoning until a convergence of conjectures is achieved. In a BEIC, conjectures are consistent with the equilibrium or equilibriums they supported and so rationality is achieved for actions, strategies and beliefs and (statistical) decision rule. Given its ability to typically select only a unique equilibrium in games, the BEIC approach is capable of analyzing a larger set of games than current games theory, including games with noisy inaccurate observations and games with multiple sided incomplete information games. Key Features Provides a unified and consistent analysis of many categories of games. Its solution algorithm is iterative and has good computation

Who reads A Bayesian theory of games : iterative conjectures and determination of equilibrium?

Author

Dr Jimmy Teng

Publisher

Chartridge Books Oxford

Published

2014

Language

EN

ISBN

9781909287778

Category

nonfiction

Subjects

Business, Economics, Mathematics