openHSU logo
  • English
  • Deutsch
  • Log In
  • Communities & Collections
  1. Home
  2. Helmut-Schmidt-University / University of the Federal Armed Forces Hamburg
  3. Publications
  4. 3 - Publication references (without full text)
  5. Bounded rationality in differential games
 
Options
Show all metadata fields

Bounded rationality in differential games

Publication date
2017
Document type
Working paper
Author
Beckmann, Klaus Bertram 
Organisational unit
VWL, insb. Ökonomik des öffentlichen Sektors 
URL
http://hdl.handle.net/10419/184875
https://www.hsu-hh.de/fgvwl/wp-content/uploads/sites/572/2017/12/hsu-wp-vwl-178.pdf
URI
https://openhsu.ub.hsu-hh.de/handle/10.24405/6148
Series or journal
Diskussionspapier / Helmut-Schmidt-Universität / Fächergruppe Volkswirtschaftslehre 
Periodical issue
178
Part of the university bibliography
✅
  • Additional Information
Abstract
The present paper proposes a myopic, boundedly rational heuristic for individual decision-making in differential game settings. I demonstrate that this type of behaviour converges to Nash equilibrium in infinitely repeated stage games without a state variable if the stage game is strategically symmetric. Two examples are used to illustrate the application of the heuristic in differential games.
Version
Not applicable (or unknown)
Access right on openHSU
Metadata only access

  • Cookie settings
  • Privacy policy
  • Send Feedback
  • Imprint