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Friday, October 16, 2015
12:00 PM - 1:00 PM
Baxter 125

Linde Institute/SISL Seminar: Ehud Kalai

Learning and Stability in Big Uncertain Games
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.

For more information, please contact Barbara Estrada by phone at 626-395-4083 or by email at bestrada@hss.caltech.edu.