Fictitious play in coordination games'

Citation
A. Sela et D. Herreiner, Fictitious play in coordination games', INT J GAME, 28(2), 1999, pp. 189-197
Citations number
14
Categorie Soggetti
Economics
Journal title
INTERNATIONAL JOURNAL OF GAME THEORY
ISSN journal
00207276 → ACNP
Volume
28
Issue
2
Year of publication
1999
Pages
189 - 197
Database
ISI
SICI code
0020-7276(1999)28:2<189:FPICG>2.0.ZU;2-B
Abstract
We study the Fictitious Play process with bounded and unbounded recall in p ure coordination games for which failing to coordinate yields a payoff of z ero for both players. It is shown that every Fictitious Play player with bo unded recall may fail to coordinate against his own type. On the other hand , players with unbounded recall are shown to coordinate (almost surely) aga inst their own type as well as against players with bounded recall. In part icular, this implies that a FP player's realized average utility is (almost surely) at least as large as his minmax payoff in 2 x 2 coordination games .