Title
An Approach to Bounded Rationality
Abstract
A central question in game theory, learning, and other fields is how a rational intel- ligent agent should behave in a complex environment, given that it cannot perform unbounded computations. We study strategic aspects of this question by formulat- ing a simple model of a game with additional costs (computational or otherwise) for each strategy. While a zero-sum game with strategy costs is no longer zero- sum, we show that its Nash equilibria have an interesting structure and the game has a new type of "value." We also show that potential games with strategy costs remain potential games. Both zero-sum and potential games with strategy costs maintain a very appealing property: simple learning dynamics converge to Nash equilibrium.
Year
Venue
Keywords
2006
NIPS
nash equilibrium,game theory,nash equilibria,working paper,bounded rationality,zero sum game
Field
DocType
Citations 
Coordination game,Combinatorial game theory,Mathematical economics,Mathematical optimization,Computer science,Best response,Repeated game,Game theory,Symmetric game,Sequential game,Bondareva–Shapley theorem
Conference
6
PageRank 
References 
Authors
0.50
5
3
Name
Order
Citations
PageRank
Eli Ben-Sasson1164186.98
Adam Tauman Kalai21620115.10
Ehud Kalai313544.65