Results 241 to 250 of about 2,072 (264)
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Endogenous quantal response equilibrium
Games and Economic Behavior, 2020We endogenize the precision parameter λ of logit quantal response equilibrium (LQRE). In the first stage of an endogenous quantal response equilibrium (EQRE), each player chooses her precision optimally subject to costs, taking as given other players’ (second-stage) behavior.
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Quantal response equilibrium in a double auction
Economic Theory Bulletin, 2014This paper establishes existence and uniqueness of Quantal Response Equilibrium (QRE) in a double auction. The concept of QRE has the intuitive property that a deviation from best response is less likely the higher the cost associated with the deviation itself.
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A Variant of the Logistic Quantal Response Equilibrium to Select a Perfect Equilibrium
Journal of Optimization Theory and ApplicationszbMATH Open Web Interface contents unavailable due to conflicting licenses.
Yiyin Cao, Yin Chen, Chuangyin Dang
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Computing Quantal Response Equilibrium for Sponsored Search Auctions
International Joint Conference on Autonomous Agents and Multiagent Systems, 2015Sponsored search auctions (SSAs) have attracted much research attention in recent years and different equilibrium concepts have been studied to understand advertisers' behaviors. However, the assumption that bidders are perfectly rational in these studies is unrealistic in the real world.
Jiang Rong, Tao Qin 0001, Bo An 0001
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Social learning in networks: a Quantal Response Equilibrium analysis of experimental data [PDF]
Review of Economic Design, 2012 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Shachar Kariv +2 more
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Quantal Response Equilibrium with Symmetry: Representation and Applications
SSRN Electronic Journal, 2022Evan Friedman, Felix Mauersberger
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Quantal-response equilibrium models of the ultimatum bargaining game
Games and Economic Behavior, 2005zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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Bayesian Inference for Quantal Response Equilibrium in Normal-Form Games
SSRN Electronic Journal, 2020This paper develops a framework for estimating Quantal Response Equilibrium models from experimental data using Bayesian techniques. Bayesian techniques offer some advantages over the more commonly-used maximum likelihood approach: (i) the accuracy of the posterior simulation is limited by (increasingly plentiful) computational resources, both in ...
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Number of Sellers and Quantal Response Equilibrium Prices [PDF]
, 2013 This paper studies the effects of increasing the number of sellers on Quantal Response Equilibrium (QRE) prices in homogeneous product Bertrand oligopoly markets. We show that the two most commonly used choice functions (power and logistic) lead to qualitatively different comparative-static predictions with respect to the relationship between number of
Ralph-C. Bayer, Hang Wu
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Quantal Response Methods for Equilibrium Selection in Normal Form Games
SSRN Electronic Journal, 2013zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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