User:IssaRice/Logical inductor construction

From Machinelearning

Lemma 5.1.1 (Fixed Point Lemma)

The following is used in the Fixed Point Lemma (5.1.1):

Writing the n-strategy as

Tn=j=1kξjϕjj=1kξjϕj*n

we have

V(Tn(Pn1,V))=j=1kξj(Pn1,V)V(ϕj)j=1kξj(Pn1,V)ϕj*n(Pn1,V)

But ϕj*n(Pn1,V)=V(ϕj) so the two sums cancel to obtain 0.

Definition/Proposition 5.1.2 (MarketMaker)

Lemma 5.1.3 (MarketMaker Inexploitability)

Definition/Proposition 5.2.1 (Budgeter)

Lemma 5.2.2 (Properties of Budgeter)

Proposition 5.3.1 (Redundant Enumeration of e.c. Traders)

Definition/Proposition 5.3.2 (TradingFirm)

Lemma 5.3.3 (Trading Firm Dominance)

See also