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A Note on Absolutely Expedient Learning Rules
Journal of Economic Theory (2014)
  • Carlos Oyarzun, University of Queensland
Abstract

I provide a full characterization of the set of absolutely expedient learning rules introduced in Börgers, Morales, and Sarin (2004) [“Expedient and monotone learning rules,” Econometrica, 72, 383–405]. The expected change in the expected payoff can be written as a quadratic form on the vector of relative expected payoffs of the strategies. This permits use of standard linear algebra arguments to provide a characterization in terms of the matrix defining this quadratic form.

Publication Date
2014
Citation Information
Carlos Oyarzun. "A Note on Absolutely Expedient Learning Rules" Journal of Economic Theory (2014)
Available at: http://works.bepress.com/oyarzun/8/