Whither Game Theory? Towards a Theory of Learning in Games
- (pp. 151-70)
(Complimentary)
Abstract
Game theory has been a huge success in economics. Many important questions have been answered, and game theoretic methods are now central to much economic investigation. We suggest areas where further advances are important, and argue that models of learning are a promising route for improving and widening game theory's predictive power while preserving the successes of game theory where it already works well. We emphasize in particular the need for better understanding of the speed with which learning takes place.Citation
Fudenberg, Drew, and David K. Levine. 2016. "Whither Game Theory? Towards a Theory of Learning in Games." Journal of Economic Perspectives, 30 (4): 151-70. DOI: 10.1257/jep.30.4.151Additional Materials
JEL Classification
- C70 Game Theory and Bargaining Theory: General
- D83 Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
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