Consistency of vanishing smooth fictitious play

Mathematics – Probability

Scientific paper

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17 pages

Scientific paper

We discuss consistency of Vanishing Smooth Fictitious Play, a strategy in the
context of game theory, which can be regarded as a smooth ?ctitious play
procedure, where the smoothing parameter is time-dependent and asymptotically
vanishes. This answers a question initially raised by Drew Fudenberg and Satoru
Takahashi.

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