Results 31 to 40 of about 2,072 (264)
A Maximum Entropy Model of Bounded Rational Decision-Making with Prior Beliefs and Market Feedback
Entropy, 2021 Bounded rationality is an important consideration stemming from the fact that agents often have limits on their processing abilities, making the assumption of perfect rationality inapplicable to many real tasks.
Benjamin Patrick Evans +1 more
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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 ...
Holt, C +8 more
core +1 more source
Social learning in the ultimatum game. [PDF]
PLoS ONE, 2013 In the ultimatum game, two players divide a sum of money. The proposer suggests how to split and the responder can accept or reject. If the suggestion is rejected, both players get nothing.
Boyu Zhang
doaj +1 more source
Quantal response equilibrium as a structural model for estimation: The missing manual [PDF]
Games and Economic Behavior, 2023 One of the original objectives of the (logit) quantal response equilibrium (LQRE) model was to provide a method for structural estimation of behavior in games, when behavior deviated from Nash equilibrium predictions. To date, only Chapter 6 of the book on quantal response equilibrium by Goeree et al.
James R. Bland, Theodore L. Turocy
openaire +2 more sources
Stable Sampling Equilibrium in Common Pool Resource Games
Games, 2015 This paper reconsiders evidence from experimental common pool resource games from the perspective of a model of payoff sampling. Despite being parameter-free, the model is able to replicate some striking features of the data, including single-peaked ...
Juan Camilo Cárdenas +2 more
doaj +1 more source
Behavior in Strategic Settings: Evidence from a Million Rock-Paper-Scissors Games
Games, 2019 We make use of data from a Facebook application where hundreds of thousands of people played a simultaneous move, zero-sum game—rock-paper-scissors—with varying information to analyze whether play in strategic settings is consistent with ...
Dimitris Batzilis +4 more
doaj +1 more source
Strategic Voting in Heterogeneous Electorates: An Experimental Study
Games, 2013 We study strategic voting in a setting where voters choose from three options and Condorcet cycles may occur. We introduce in the electorate heterogeneity in preference intensity by allowing voters to differ in the extent to which they value the three ...
Marcelo Tyszler, Arthur Schram
doaj +1 more source
Testing the Quantal Response Hypothesis [PDF]
, 2020 We 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 ...
Pogorelskiy, Kirill +2 more
core +2 more sources
Advanced Engineering Materials, EarlyView.Knowledge‐based atomistic workflows are presented for mechanical and thermodynamic properties. By coupling modular simulations with ontology‐aligned metadata and provenance, Fe case studies on elastic behavior, defects, thermal properties, and Hall–Petch strengthening reveal how FAIR, queryable, and reusable simulation data can be generated. Mechanical
Abril Azócar Guzmán +5 more
wiley +1 more source
SystemsThis study examined joint pricing and inventory decisions in a competitive newsvendor environment using a combination of theoretical modeling and experimental methods.
Mengmeng Shi, Yue Liu, Shaohui Wu
doaj +1 more source