Leseprobe
* Affiliatelinks/Werbelinks
Links auf reinlesen.de sind sogenannte Affiliate-Links. Wenn du auf so einen Affiliate-Link klickst und über diesen Link einkaufst, bekommt reinlesen.de von dem betreffenden Online-Shop oder Anbieter eine Provision. Für dich verändert sich der Preis nicht.
Quantal Response Equilibrium
Thomas R. Palfrey, Jacob K. Goeree, Charles A. Holt, et al.
* Affiliatelinks/Werbelinks
Links auf reinlesen.de sind sogenannte Affiliate-Links. Wenn du auf so einen Affiliate-Link klickst und über diesen Link einkaufst, bekommt reinlesen.de von dem betreffenden Online-Shop oder Anbieter eine Provision. Für dich verändert sich der Preis nicht.
Sozialwissenschaften, Recht, Wirtschaft / Wirtschaft
Beschreibung
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 extends classical game theory into a more realistic and useful framework with broad applications for economics, political science, management, and other social sciences.
Quantal Response Equilibrium spans the range from basic theoretical foundations to examples of how the principles yield useful predictions and insights in strategic settings, including voting, bargaining, auctions, public goods provision, and more. The approach provides a natural framework for estimating the effects of behavioral factors like altruism, reciprocity, risk aversion, judgment fallacies, and impatience. New theoretical results push the frontiers of models that include heterogeneity, learning, and well-specified behavioral modifications of rational choice and rational expectations. The empirical relevance of the theory is enhanced by discussion of data from controlled laboratory experiments, along with a detailed users' guide for estimation techniques.
Quantal Response Equilibrium makes pioneering game-theoretic methods and interdisciplinary applications available to a wide audience.
Kundenbewertungen
Bayesian game, Intuitive criterion, Logistic regression, Markov chain, Nash equilibrium, Dynamic programming, Bayesian, Logit, Externality, Centipede game, Trembling hand perfect equilibrium, Maximum likelihood estimation, Sequential equilibrium, Quantal response equilibrium, Corner solution, Mutual exclusivity, Matching Pennies, Stationary distribution, Fair coin, Voting, Error term, Risk aversion, Average Price, Parameter, Almost surely, Utility, Free parameter, Law of demand, Divine equilibrium, Post hoc analysis, Prediction, Traveler's dilemma, Base rate fallacy, Extensive-form game, Generalized extreme value distribution, Subgame perfect equilibrium, Winner's curse, Markov process, Student's t-test, Probability distribution, Forecast error, Markov strategy, Rationalizability, Potential game, Double auction, Grim trigger, Folk theorem (game theory), Probit model, Mathematical optimization, Random element, Calculation, Continuous game, Multinomial distribution, Limiting factor, Joint probability distribution, Poisson distribution, Probability, Coordination game, Non-linear least squares, Markov perfect equilibrium, All-pay auction, Least squares, Pareto efficiency, Symmetric equilibrium, Auction, Normal distribution, Prisoner's dilemma, Estimation, Discrete choice, Inference