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Paper Abstract and Keywords
Presentation 2009-03-02 13:10
Strategies of Bounded Rational Players in the Repeated Game
Michiharu Masui (Tokyo Inst. ot Tech.) AI2008-64
Abstract (in Japanese) (See Japanese page) 
(in English) In the fifties Simon pointed out the importance of ``bounded rationality" to economic theory. Since then, the term ``bounded rationality" have been used to cover a wide range of issues.
One of the approach of bounded rationality is the finite automata approach which is first suggested by Aumann(1981). In this approach, each player is restricted to carry out his strategies by finite automata. And a player's aim is to maximize his payoff and to minimize the number of states of his machine.
The effects of these restrictions are analyzed theoretically in Rubinstein(1986) and Abrue and Rubinstein(1988).
To examine properties of strategies, behavior and the stable state, we conduct simulation experiments. We construct some types of strategies by finite automata, for example, Tit-For-Tat, Trigger, Pavlov. And simulation enviornments are classifiedinto some models, a round-robin model, an evolutionary model and a noise model.
In this work, we first discuss the model of games and bounded rationality. Next, we explain the theoretical results and settings of simulation. Finally,we analyze the results of simulations and compare these results with theoretical one.
Keyword (in Japanese) (See Japanese page) 
(in English) game theory / bounded rationality / finite automaton / repeated game / / / /  
Reference Info. IEICE Tech. Rep., vol. 108, no. 456, AI2008-64, pp. 1-4, March 2009.
Paper # AI2008-64 
Date of Issue 2009-02-23 (AI) 
ISSN Print edition: ISSN 0913-5685    Online edition: ISSN 2432-6380
Copyright
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reproduction		 All rights are reserved and no part of this publication may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, or any information storage and retrieval system, without permission in writing from the publisher. Notwithstanding, instructors are permitted to photocopy isolated articles for noncommercial classroom use without fee. (License No.: 10GA0019/12GB0052/13GB0056/17GB0034/18GB0034)
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Conference Information
Committee AI IPSJ-ICS JSAI-KBS  
Conference Date 2009-03-02 - 2009-03-04 
Place (in Japanese) (See Japanese page) 
Place (in English) Laforet Zao Resort & Spa 
Topics (in Japanese) (See Japanese page) 
Topics (in English) Socio System and Intelligence 
Paper Information
Registration To AI 
Conference Code 2009-03-AI-ICS-KBS 
Language Japanese 
Title (in Japanese) (See Japanese page) 
Sub Title (in Japanese) (See Japanese page) 
Title (in English) Strategies of Bounded Rational Players in the Repeated Game 
Sub Title (in English)  
Keyword(1) game theory  
Keyword(2) bounded rationality  
Keyword(3) finite automaton  
Keyword(4) repeated game  
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1st Author's Name Michiharu Masui  
1st Author's Affiliation Tokyo Institute of Technology (Tokyo Inst. ot Tech.)
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Speaker Author-1 
Date Time 2009-03-02 13:10:00 
Presentation Time 25 minutes 
Registration for AI 
Paper # AI2008-64 
Volume (vol) vol.108 
Number (no) no.456 
Page pp.1-4 
#Pages 4 
Date of Issue 2009-02-23 (AI) 

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