Recency, consistent learning, and Nash equilibrium

Proc Natl Acad Sci U S A. 2014 Jul 22;111 Suppl 3(Suppl 3):10826-9. doi: 10.1073/pnas.1400987111. Epub 2014 Jul 14.

Abstract

We examine the long-term implication of two models of learning with recency bias: recursive weights and limited memory. We show that both models generate similar beliefs and that both have a weighted universal consistency property. Using the limited-memory model we produce learning procedures that both are weighted universally consistent and converge with probability one to strict Nash equilibrium.

Publication types

  • Research Support, U.S. Gov't, Non-P.H.S.

MeSH terms

  • Algorithms
  • Game Theory*
  • Humans
  • Learning / physiology*
  • Memory / physiology*
  • Memory, Short-Term / physiology
  • Models, Psychological*
  • Retention, Psychology / physiology