Decentralized Inventory Transshipments with Quantal Response Equilibrium
Systems, 2023 Despite the benefits of inventory transshipment, numerous behavioral experiments have revealed that retailers often deviate from the Nash-equilibrium ordering quantities, which in turn impacts the potential advantages.
Qingren He +3 more
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A Generalization of Quantal Response Equilibrium via Perturbed Utility [PDF]
Games, 2021 We present a tractable generalization of quantal response equilibrium via non-expected utility preferences. In particular, we introduce concave perturbed utility games in which an individual has strategy-specific utility indices that depend on the ...
Roy Allen, John Rehbeck
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Regular Quantal Response Equilibrium [PDF]
Experimental Economics, 2005 AbstractThe structural Quantal Response Equilibrium (QRE) generalizes the Nash equilibrium by augmenting payoffs with random elements that are not removed in some limit. This approach has been widely used both as a theoretical framework to study comparative statics of games and as an econometric framework to analyze experimental and field data.
Jacob K Goeree +2 more
exaly +6 more sources
Quantal response equilibrium for the Prisoner’s Dilemma game in Markov strategies [PDF]
Scientific Reports, 2022 Within the studies of human cooperation, there are gaps that require further investigation. One possible area for growth is developing theoretical concepts which describe high levels of cooperation.
T. S. Kozitsina +2 more
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Quantal Response Equilibrium and Overbidding in Private-Value Auctions [PDF]
Journal of Economic Theory, 2002 Submitted - sswp1073 ...
Jacob K Goeree +2 more
exaly +8 more sources
Quantal Response Statistical Equilibrium in Economic Interactions: Theory and Estimation
Entropy, 2017 Social science addresses systems in which the individual actions of participants interacting in complex, non-additive ways through institutional structures determine social outcomes. In many cases, the institutions incorporate enough negative feedback to
Ellis Scharfenaker, Duncan K. Foley
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Revisiting the Asymmetric Matching Pennies Contradiction in China [PDF]
Behavioral Sciences, 2023 The asymmetric matching pennies contradiction posits that contrary to the prediction of mixed-strategy Nash equilibrium, experimental subjects’ choices are, in practice, based heavily on the magnitudes of their own payoffs.
Ailin Leng +3 more
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Implications of quantal response statistical equilibrium [PDF]
Journal of Economic Dynamics and Control, 2020 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Ellis Scharfenaker
exaly +4 more sources
The Contagion of Unethical Behavior and Social Learning: An Experimental Study [PDF]
Behavioral Sciences, 2023 Unethical behavior is discovered that is more contagious than ethical behavior. This article attempts to propose one of the possible underlying mechanisms—people may have underconfidence bias in information updating due to motivated reasoning, and such ...
Yefeng Chen +3 more
doaj +2 more sources
Dynamics of the US Housing Market: A Quantal Response Statistical Equilibrium Approach
Entropy, 2018 In this article, we demonstrate that a quantal response statistical equilibrium approach to the US housing market with the help of the maximum entropy method of modeling is a powerful way of revealing different characteristics of the housing market ...
Özlem Ömer
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