Title: Bounded rationality in differential games
Authors: Beckmann, Klaus Bertram 
Language: eng
Subject (DDC): DDC::300 Sozialwissenschaften::330 Wirtschaft
Issue Date: 2017
Publisher: Universitätsbibliothek der HSU/UniBwH
Document Type: Working Paper
Journal / Series / Working Paper (HSU): Diskussionspapier / Helmut-Schmidt-Universität / Fächergruppe Volkswirtschaftslehre 
Issue: 178
Publisher Place: Hamburg
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.
Organization Units (connected with the publication): 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
Appears in Collections:2017

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