Publications [#267007] of Leslie M. Marx

Journal Articles

1. Marx, LM, Adaptive Learning and Iterated Weak Dominance, Games and Economic Behavior, vol. 26 no. 2 (January, 1999), pp. 253-278, Elsevier BV [doi]
   (last updated on 2026/01/14)

   Abstract:
   This article addresses the idea that rational players should not play iteratively weakly dominated strategies by showing that when a particular type of adaptive learning process converges, then players must have learned to play strategy profiles equivalent to those that survive iterated nice weak dominance and, for certain games, equivalent to those that survive iterated weak dominance. For games satisfying the weak single crossing condition, the set of strategies that survive iterated weak dominance is small in that its bounds are pure strategy Nash equilibria. The results hold regardless of the order in which dominated strategies are eliminated.Journal of Economic LiteratureClassification Number: C72. © 1999 Academic Press.