Results 231 to 240 of about 2,072 (264)

Quantal Response Equilibrium in Extensive-Form Games

open access: yes, 2016
This chapter lays out the general theory of quantal response equilibrium (QRE) for extensive-form games. The formulation of the model is necessarily more complicated because timing and information now play a direct role in the decision maker's choice. This can have interesting and unanticipated consequences.
Jacob K. Goeree   +2 more
exaly   +3 more sources

Quantal Response Equilibrium in Normal-Form Games

open access: yes, 2016
This chapter lays out the general theory of quantal response equilibrium (QRE) for normal-form games. It starts with the reduced-form approach to QR, based on the direct specification of “regular” quantal or smoothed best-response functions required to satisfy four intuitive axioms of stochastic choice. A simple asymmetric matching pennies game is used
Thomas R Palfrey
exaly   +3 more sources

A Refinement of Logit Quantal Response Equillibrium

open access: yesSSRN Electronic Journal, 2015
Unlike the Nash equilibrium, logit quantal response equilibrium is affected by positive affine transformations of players’ von Neumann–Morgenstern utility payoffs. This paper presents a modification of a logit quantal response equilibrium that makes this equilibrium solution concept invariant to arbitrary normalization of utility payoffs. Our proposed
Pavlo Blavatskyy
openaire   +2 more sources

Testing the Foundations of Quantal Response Equilibrium

Lecture Notes in Computer Science, 2013
Quantal response equilibrium (QRE) has become a popular alternative to the standard Nash equilibrium concept in game theoretic applications. It is well known that human subjects do not regularly choose Nash equilibrium strategies. It has been hypothesized that subjects are limited by strategic uncertainty or that subjects have broader social ...
Mathew D Mccubbins   +2 more
exaly   +2 more sources

From the Luce Choice Axiom to the Quantal Response Equilibrium

open access: yesJournal of Mathematical Psychology, 2016
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Jessie, D., Saari, D.G.
openaire   +5 more sources

Learning, Quantal Response Equilibrium and Equilibrium in Beliefs [PDF]

open access: yes, 2001
This paper makes two points. First, the modeling used in the rational (or Bayesian) learning literature can be generalized to handle the repeated shocks to preferences inherent and implicit in models of quantal response equilibria (QRE). In particular, we note that the Bayesian model and the QRE model are really not as different as often portrayed in ...
Nyarko, Y.
openaire   +1 more source

A dynamic homotopy interpretation of the logistic quantal response equilibrium correspondence

open access: yesGames and Economic Behavior, 2005
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Turocy, Theodore L.
openaire   +4 more sources

Studying Negative Rationality in Quantal Response Equilibrium

2022 4th International Conference on Control Systems, Mathematical Modeling, Automation and Energy Efficiency (SUMMA), 2022
Ivan V Kozitsin
exaly   +2 more sources

An extension of quantal response equilibrium and determination of perfect equilibrium

Games and Economic Behavior, 2020
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Yin Chen, Chuangyin Dang
openaire   +1 more source

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