{"product_id":"the-theory-of-learning-in-games-paperback","title":"The Theory of Learning in Games - Paperback","description":"\u003cdiv\u003e\u003cp style=\"text-align: right;\"\u003e\u003ca href=\"https:\/\/reportcopyrightinfringement.com\/\" target=\"_blank\" rel=\"nofollow\"\u003e\u003cb\u003eReport copyright infringement\u003c\/b\u003e\u003c\/a\u003e\u003c\/p\u003e\u003c\/div\u003e\u003cp\u003eby \u003cb\u003eDrew Fudenberg\u003c\/b\u003e (Author), \u003cb\u003eDavid K. Levine\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003eIn economics, most noncooperative game theory has focused on equilibrium in games, especially Nash equilibrium and its refinements. The traditional explanation for when and why equilibrium arises is that it results from analysis and introspection by the players in a situation where the rules of the game, the rationality of the players, and the players' payoff functions are all common knowledge. Both conceptually and empirically, this theory has many problems.\u003c\/p\u003e\u003cp\u003eIn \u003ci\u003eThe Theory of Learning in Games\u003c\/i\u003e Drew Fudenberg and David Levine develop an alternative explanation that equilibrium arises as the long-run outcome of a process in which less than fully rational players grope for optimality over time. The models they explore provide a foundation for equilibrium theory and suggest useful ways for economists to evaluate and modify traditional equilibrium concepts.\u003c\/p\u003e\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003eDrew Fudenberg is Professor of Economics at MIT. \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003eDavid K. Levine is John H. Biggs Distinguished Professor of Economics at Washington University, St. Louis.\n            \u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 294\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 0.66 x 9 x 6 IN\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e June 03, 1998\u003c\/div\u003e\n            ","brand":"BooksCloud","offers":[{"title":"Default Title","offer_id":44269739475046,"sku":"9780262529242","price":81.88,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0599\/7255\/0758\/files\/bEkyUmpZM0ppQmZEdjZ4SHFpbjVrUT09.webp?v=1766264643","url":"https:\/\/infinitylightwa.com\/products\/the-theory-of-learning-in-games-paperback","provider":"Infinity Light","version":"1.0","type":"link"}