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22%OFFJacob K. Goeree - Quantal Response Equilibrium: A Stochastic Theory of Games - 9780691124230 - V9780691124230
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Quantal Response Equilibrium: A Stochastic Theory of Games

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Description for Quantal Response Equilibrium: A Stochastic Theory of Games Hardback. Num Pages: 288 pages, 45 line illus. 45 tables. BIC Classification: PBUD. Category: (P) Professional & Vocational; (UP) Postgraduate, Research & Scholarly; (UU) Undergraduate. Dimension: 229 x 152. .
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 ... Read more

Product Details

Publisher
Princeton University Press
Format
Hardback
Publication date
2016
Condition
New
Weight
623g
Number of Pages
328
Place of Publication
New Jersey, United States
ISBN
9780691124230
SKU
V9780691124230
Shipping Time
Usually ships in 7 to 11 working days
Ref
99-45

About Jacob K. Goeree
Jacob K. Goeree is a Distinguished Research Professor and head of the Economics Discipline Group at the University of Technology Sydney. Charles A. Holt is the A. Willis Robertson Professor of Political Economy at the University of Virginia. Thomas R. Palfrey is the Flintridge Foundation Professor of Economics and Political Science at the California Institute of Technology.

Reviews for Quantal Response Equilibrium: A Stochastic Theory of Games
Well-written and easy to follow, this book covers the topic of quantal response equilibrium. The notion of stochastic equilibrium has changed the way game theorists think about long-run and short-run equilibrium. Written by three leading experts, this book is of great importance to researchers in economic theory and political science, and to graduate students. -David K. Levine, European University Institute ... Read more

Goodreads reviews for Quantal Response Equilibrium: A Stochastic Theory of Games


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