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Next: Fully-informed producer and consumers Up: Two-sided learning in an Previous: General Analysis

Rational and Bounded-Rational Players

In the remainder of the paper, we shall assume simple functional forms for g and h, and explore what happens when the consumers and/or the producer must learn these distributions. In particular, we suppose that g is a one-parameter exponential distribution given by tex2html_wrap_inline1368 , and that tex2html_wrap_inline1370 is a uniform distribution in the interval from tex2html_wrap_inline1372 to tex2html_wrap_inline1374 .





kephart
Thu Nov 18 11:46:57 EST 1999