Bayesian Fictitious Play in Oligopoly: The Case of Risk-Averse Agents
A number of learning models have been suggested to analyze the repeated interaction of boundedly rational agents competing in oligopolistic markets. The agents form a model of the environment that they are competing in, which includes the market demand and price formation process, as well as their e...
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| Format: | Article |
| Language: | English |
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MDPI AG
2024-11-01
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| Series: | Games |
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| Online Access: | https://www.mdpi.com/2073-4336/15/6/40 |
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