Linde Institute/SISL Seminar: Ehud Kalai

Friday October 16, 2015 12:00 PM

Learning and Stability in Big Uncertain Games

Speaker: Ehud Kalai, Kellogg School of Management, Northwestern University
Location: Baxter 125

Abstract

A big game is repeatedly played by a large population of anonymous players.  The game fundamentals and the set of players change with time and there is incomplete and imperfect information about the play.

Simple Big games admit natural myopic Markov perfect equilibria in which the proportion of unpredictable and potentially chaotic periods is limited.

Examples include social adaptation of technology and price stability in production games.

Series Linde Institute/Social and Information Sciences Laboratory Seminar Series (SISL)

Contact: Barbara Estrada at 626-395-4083 bestrada@hss.caltech.edu