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Quantal Response Equilibrium: A Stochastic Theory of Games

Jacob K. Goeree, Charles A. Holt, Thomas R. Palfrey




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Quantal Response Equilibrium: A  Jacob K. Goeree, Charles A. Holt, Thomas R. Palfrey epub
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 | #656212 in eBooks |  2016-06-28 |  2016-06-28 | File type: PDF

||From the Back Cover||"This book brings together two decades of scholarship on an important model of boundedly rational behavior in strategic decision-making settings. Including numerous important applications in economics, political science, and pure game theory

Quantal Response Equilibrium presents a stochastic theory of games that unites probabilistic choice models developed in psychology and statistics with the Nash equilibrium approach of classical game theory. Nash equilibrium assumes precise and perfect decision making in games, but human behavior is inherently stochastic and people realize that the behavior of others is not perfectly predictable. In contrast, QRE models choice behavior as probabilistic and exten...

You easily download any file type for your gadget.Quantal Response Equilibrium: A Stochastic Theory of Games   |  Jacob K. Goeree, Charles A. Holt, Thomas R. Palfrey. Just read it with an open mind because none of us really know.

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