IFISC Seminar on Wednesday Oct 20, 2021 at 14:30 Place: Zoom Seminar Title: Does learning converge to equilibrium in generic games? Speaker: Marco Pangallo, Sant’Anna School of Advanced Studies, Pisa Abstract: <p>Game theory models&nbsp;interacting biological and social systems. In a repeated game, players may converge or their dynamics oscillate. If the system is not designed to converge, which of these two behaviors can we expect?&nbsp;I will give an overview of research that addresses this question by studying convergence to equilibrium in generic games. I will consider simple 2-player, 2-action games, where players learn through Experience-Weighted Attraction learning. We are able to characterize convergence in&nbsp;the space of parameters and games. Games with a &ldquo;best-reply cycle&rdquo;, such as Matching Pennies, are the ones in which convergence is less likely. Further,&nbsp;I will show that the frequency of best-reply cycles predicts convergence of six learning rules in 2-player games with an arbitrary number of actions, when games are sampled at random given constraints.The larger the number of actions, or the more anti-correlated the payoffs, the more best-reply cycles become dominant, and convergence becomes less likely. Finally, I consider games with an arbitrary number of players and with a network structure. I&nbsp;show that more players and more dense networks increase the importance of best-reply cycles, making convergence unlikely. Overall, these results indicate that in many cases equilibrium is an unrealistic assumption, and one must explicitly model the dynamics of learning.<br /> <br /> <a href="https://us02web.zoom.us/j/83829318876?pwd=Z2pqbUtIMEV3NUQvU0hpakp0NGtsUT09">https://us02web.zoom.us/j/83829318876?pwd=Z2pqbUtIMEV3NUQvU0hpakp0NGtsUT09</a></p>; Url event:https://ifisc.uib-csic.es/en/events/seminars/does-learning-converge-to-equil...