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 language | English |
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Pages (from-to) | 27-59 |
Number of pages | 33 |
Journal | Economic Theory |
Volume | 53 |
Issue number | 1 |
DOIs | |
Publication status | Published - 2013 May |
Externally published | Yes |
Keywords
- Inductive derivation
- Inductive game theory
- Mike's bike
- Partial memory
ASJC Scopus subject areas
- Economics and Econometrics