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Brown's Original Fictitious Play

Berger, Ulrich (2007) Brown's Original Fictitious Play. Journal of Economic Theory, 135 (1). pp. 572-578. ISSN 0022-0531

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Abstract

What modern game theorists describe as fictitious play is not the learning process George W. Brown defined in his 1951 paper. Brown's original version differs in a subtle detail, namely the order of belief updating. In this note we revive Brown's original fictitious play process and demonstrate that this seemingly innocent detail allows for an extremely simple and intuitive proof of convergence in an interesting and large class of games: nondegenerate ordinal potential games.

Item Type: Article
Additional Information: To see the final version of this paper please visit the publisher's website. Access to the published version requires a subscription.
Keywords: Fictitious Play, Learning Process, Ordinal Potential Games
Divisions: Departments > Volkswirtschaft > Analytische Volkswirtschaftslehre
Version of the Document: Submitted
Depositing User: Gertraud Novotny
Date Deposited: 12 Jun 2017 17:08
Last Modified: 29 Jul 2017 08:50
Related URLs:
FIDES Link: https://bach.wu.ac.at/d/research/results/38332/
URI: http://epub.wu.ac.at/id/eprint/5588

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