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算法合谋与有限理性学习中的民间定理

Algorithmic collusion and a folk theorem from learning with bounded rationality
Games and Economic Behavior · 2026 · Álvaro Cartea、Patrick Chang、José Penalva、Harrison Waldon

中文摘要

我们证明,当有限理性的参与者在重复势博弈中边玩边学习时,一个民间定理成立。我们使用有界 $m$-记忆策略下平滑虚拟博弈的动态推广,来刻画与算法学习相一致的有限理性学习。在具有完美监督的重复势博弈中,我们运用该学习模型证明:对任一可行的且个体理性的收益组合,若参与者拥有足够记忆、足够有耐心,并且以足够少的错误进行最优反应,则参与者有非零概率学到一个 $m$-记忆策略组合,该组合在适当的延续博弈中实现的平均收益接近于指定的收益组合。此外,所学到的策略组合是重复博弈的一个 $m$-记忆 $\epsilon$-子博弈完美均衡。这一发现表明,竞争主管机构对算法合谋的担忧是正确的。

Abstract

We prove a Folk theorem when players with bounded rationality learn as they play a repeated potential game. We use a dynamic generalization of smooth fictitious play with bounded $m$-memory strategies to model learning with bounded rationality that is consistent with learning by algorithms. In a repeated potential game with perfect monitoring, we use this learning model to show that for any feasible and individually rational payoff profile, if players have sufficient memory, are sufficiently patient, and best respond with sufficiently few mistakes, then the players have a non-zero probability of learning an $m$-memory strategy profile that achieves an average payoff close to the specified payoff profile for an appropriate continuation game. Moreover, the strategy profile learned is an $m$-memory $\epsilon$-subgame perfect equilibrium of the repeated game. This finding demonstrates that competition authorities are correct in their concern about algorithmic collusion.
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