Partial memories, inductively derived views, and their interactions with behavior

Mamoru Kaneko, J. Jude Kline

Research output: Contribution to journalArticle

6 Citations (Scopus)

Abstract

We explore the inductively derived views obtained by players with partial temporal (short-term) memories. A player derives his personal view of the objective game situation from his accumulated (long-term) memories, and then uses it for decision making. A salient feature that distinguishes this paper from others on inductive game theory is partiality of a memory function of a player. This creates a multiplicity of possibly derived views. Although this is a difficulty for a player in various senses, it is an essential problem of induction. Faced with multiple possible views, a player may try to resolve this using further experiences. The two-way interaction between behavior and personal views is another distinguishing feature of the present paper.

Original languageEnglish
Pages (from-to)27-59
Number of pages33
JournalEconomic Theory
Volume53
Issue number1
DOIs
Publication statusPublished - 2013 May
Externally publishedYes

Keywords

  • Inductive derivation
  • Inductive game theory
  • Mike's bike
  • Partial memory

ASJC Scopus subject areas

  • Economics and Econometrics

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