Results 11 to 20 of about 9,681 (286)
Quantal Response Equilibria [PDF]
, 2008 A quantal response specifies choice probabilities that are smooth, increasing functions of expected payoffs. A quantal response equilibrium has the property that the choice distributions match the belief distributions used to calculate expected payoffs.
Goeree, Jacob K. +2 more
core +7 more sources
TESTING THE QUANTAL RESPONSE HYPOTHESIS [PDF]
International Economic Review, 2016 AbstractWe develop a nonparametric test for consistency of player behavior with the quantal response equilibrium (QRE). The test exploits a characterization of the equilibrium choice probabilities in any structural QRE as the gradient of a convex function; thereby, QRE‐consistent choices satisfy the cyclic monotonicity inequalities.
Melo, Emerson +2 more
core +8 more sources
Model Averaging Software for Dichotomous Dose Response Risk Estimation
Journal of Statistical Software, 2008 Model averaging has been shown to be a useful method for incorporating model uncertainty in quantitative risk estimation. In certain circumstances this technique is computationally complex, requiring sophisticated software to carry out the computation ...
Matthew W. Wheeler
doaj +1 more source
Heterogeneous quantal response equilibrium and cognitive hierarchies [PDF]
Journal of Economic Theory, 2009 We explore an equilibrium model of games where players' choice behavior is given by logit response functions, but their payoff responsiveness is heterogeneous. We extend the definition of quantal response equilibrium to this setting, calling it heterogeneous quantal response equilibrium (HQRE), and prove existence under weak conditions.
Camerer, Colin F. +2 more
core +6 more sources
Model Selection and Estimation with Quantal-Response Data in Benchmark Risk Assessment. [PDF]
Risk Anal, 2017 Peña EA +4 more
europepmc +2 more sources
The Ordering Optimization Model for Bounded Rational Retailer with Inventory Transshipment
Mathematics, 2022 In order to study retailers’ ordering behavior deviating from the standard theoretical optimal decision, which is caused by retailers’ information asymmetry, cognitive ability, insufficient computing ability, and other factors, we construct a bounded ...
Qingren He +3 more
doaj +1 more source
Data from an incentivized laboratory experiment on strategic medical choices
Data in Brief, 2021 This paper presents data of medical choices determining physicians’ profit and patients’ health benefit under three levels of market competition: monopoly, duopoly, and quadropoly.
Ge Ge, Geir Godager
doaj +1 more source
From rationality to cooperativeness: The totally mixed Nash equilibrium in Markov strategies in the iterated Prisoner's Dilemma. [PDF]
PLoS ONE, 2017 In this research, the social behavior of the participants in a Prisoner's Dilemma laboratory game is explained on the basis of the quantal response equilibrium concept and the representation of the game in Markov strategies.
Ivan S Menshikov +3 more
doaj +1 more source
Equilibrium Selection in Hawk–Dove Games
Games, 2023 We apply three equilibrium selection techniques to study which equilibrium is selected in a hawk–dove game with a multiplicity of equilibria. By using a uniform-price auction as an illustrative example, we find that when the demand in the auction is low ...
Mario Blázquez de Paz, Nikita Koptyug
doaj +1 more source
PLoS Computational Biology, 2021 In this paper we apply a novel JAVA version of a model on the homeostasis of human red blood cells (RBCs) to investigate the changes RBCs experience during single capillary transits.
Simon Rogers, Virgilio L Lew
doaj +1 more source