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Quantal Response Equilibrium

By: Jacob K. Goeree (Author) , Charles A. Holt (Author) , Thomas R. Palfrey (Author)

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Ksh 11,200.00

Format: Hardback or Cased Book

ISBN-13: 9780691124230

Publisher: Princeton University Press

Publication Date: Jun 28th, 2016

Weight: 622 grams

Dimension: 24.40 x 16.60 x 3.10 cms

Category: Game theory

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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

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