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Learning and Stability in Big Uncertain Games

Friday, October 16, 2015
12:00 PM - 1:00 PM
Location: Baxter 125
Ehud Kalai, The James J. O'Connor Professor of Decision and Game Sciences, Kellogg School of Management, Northwestern University

Abstract

A big game is repeatedly played by a large population of anonymous players.  The game fundamentals and the set of players change with time and there is incomplete and imperfect information about the play.

Simple Big games admit natural myopic Markov perfect equilibria in which the proportion of unpredictable and potentially chaotic periods is limited.

Examples include social adaptation of technology and price stability in production games.

Series: Linde Institute/Social and Information Sciences Laboratory Seminar Series (SISL)
For more information, please phone 626-395-4083 or email bestrada@hss.caltech.edu

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