Open AccessLearning and Belief Based Trade
Author(s) -
Drew Fudenberg,
David K. Levine
Publication year - 2006
Publication title -
ssrn electronic journal
Language(s) - English
Resource type - Journals
ISSN - 1556-5068
DOI - 10.2139/ssrn.888762
Subject(s) - psychology , business , computer science , international trade
We use the theory of learning in games to show that no-trade results do not require that gains from trade are common knowledge nor that play is a Nash equilibrium.
Accelerating Research
Robert Robinson Avenue,
Oxford Science Park, Oxford
OX4 4GP, United Kingdom
Address
John Eccles HouseRobert Robinson Avenue,
Oxford Science Park, Oxford
OX4 4GP, United Kingdom