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Strategic Learning and its Limits$
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H. Peyton Young

Print publication date: 2004

Print ISBN-13: 9780199269181

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780199269181.001.0001

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The Interactive Learning Problem

The Interactive Learning Problem

(p.1) 1 The Interactive Learning Problem
Strategic Learning and its Limits

H. Peyton Young

Oxford University Press

This chapter begins with a discussion of the difficulties posed by interactive learning. It then identifies two competing schools of thought in game theory. One school points optimistically to particular classes of games that can in fact be learned by simple updating procedures, such as learning minimax equilibria by fictitious. This school also points to the fact that any game can be learned by Bayesian methods provided that the priors are sufficiently aligned to begin with. The other school views the situation more pessimistically. Its adherents point out that simple learning procedures tend to work only in special cases, such as zero-sum games, potential games, and so forth. Moreover, they are unimpressed by the fact that Bayesian methods lead to learning if the priors are sufficiently aligned to begin with. An overview of the subsequent chapters is also presented.

Keywords:   interactive learning, zero-sum games, game theory, Bayesian methods

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