Bounded Rationality and Imperfect Learning: Game Theory vs AI¤

Journal article by Philippe Jehiel

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Abstract
This paper reviews three game theoretic solution concepts with bound-edly rational players assumed to have imperfect learning abilities: the limited foresight equilibrium (Jehiel 1995), the analogy-based expecation equilibrium (Jehiel 2000) and the valuation equilibrium (Jehiel and Samet 2003). It then reviews the relation of these concepts to some ideas devel-oped in Arti¯cial Intelligence for game playing programs.