{"113231":{"#nid":"113231","#data":{"type":"event","title":"ACO Distinguished Lecture Series","body":[{"value":"\u003Cp\u003EACO Distinguished Lecture Series\u003C\/p\u003E\u003Cp\u003E\u003Cbr \/\u003ESergiu Hart\n\u003Cbr \/\u003EHebrew University of Jerusalem\n\u003Cbr \/\u003EGame Dynamics and Equilibria\n\u003Cbr \/\u003E\n\u003Cbr \/\u003E4:30 pm, Klaus 1116, refreshments at 4:00PM in the Atrium\n\u003Cbr \/\u003E\n\u003Cbr \/\u003EA poster can be downloaded from \u003Ca href=\u0022http:\/\/www.aco.gatech.edu\/colloq\/\u0022\u003Ehttp:\/\/www.aco.gatech.edu\/colloq\/\u003C\/a\u003E\n\u003Cbr \/\u003E\n\u003Cbr \/\u003EThe concept of \u0022strategic equilibrium,\u0022 where each player\u0027s strategy is\noptimal against those of the other players, was introduced by John Nash\nin his Ph.D. thesis in 1950. Throughout the years, Nash equilibrium has\nhad a most significant impact in economics and many other areas.\n\u003Cbr \/\u003EHowever, more than 60 years later, its dynamic foundations - how are\nequilibria reached in long-term interactions - are still not well\nestablished.\n\u003C\/p\u003E\u003Cp\u003E\u003Cbr \/\u003EIn this talk we will overview a body of work of the last decade on\ndynamical systems in multi-player environments. On the one hand, the\nnatural informational restriction that each participant may not know the\npayoffs and utilities of the other participants - \u0022uncoupledness\u0022 -\n\u003Cbr \/\u003Eturns out to severely limit the possibilities to converge to Nash\nequilibria. On the other hand, there are simple adaptive heuristics -\nsuch as \u0022regret matching\u0022 - that lead in the long run to correlated\nequilibria, a concept that embodies full rationality. We will also\nmention connections to behavioral and neurobiological studies, to\ncomputer science concepts, and to engineering applications.\u003C\/p\u003E","summary":null,"format":"limited_html"}],"field_subtitle":"","field_summary":"","field_summary_sentence":[{"value":"ACO Distinguished Lecture Series"}],"uid":"27187","created_gmt":"2012-02-29 14:36:07","changed_gmt":"2016-10-08 01:58:15","author":"Anita Race","boilerplate_text":"","field_publication":"","field_article_url":"","field_event_time":{"event_time_start":"2012-03-01T20:00:00-05:00","event_time_end":"2012-03-01T21:30:00-05:00","event_time_end_last":"2012-03-01T21:30:00-05:00","gmt_time_start":"2012-03-02 01:00:00","gmt_time_end":"2012-03-02 02:30:00","gmt_time_end_last":"2012-03-02 02:30:00","rrule":null,"timezone":"America\/New_York"},"extras":[],"groups":[{"id":"1242","name":"School of Industrial and Systems Engineering (ISYE)"}],"categories":[],"keywords":[],"core_research_areas":[],"news_room_topics":[],"event_categories":[{"id":"1795","name":"Seminar\/Lecture\/Colloquium"}],"invited_audience":[],"affiliations":[],"classification":[],"areas_of_expertise":[],"news_and_recent_appearances":[],"phone":[],"contact":[],"email":[],"slides":[],"orientation":[],"userdata":""}}}