Quantal Response Equilibrium: A Stochastic Theory of Games

2 avg rating
( 1 ratings by Goodreads )
 
9780691124230: Quantal Response Equilibrium: A Stochastic Theory of Games
View all copies of this ISBN edition:
 
 

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.

"synopsis" may belong to another edition of this title.

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, this unified treatment will be valuable to a wide range of scholars."--Timothy Cason, Purdue University

"Quantal response equilibrium is a standard tool for game theorists and has numerous connections to other tools and applications. This book collects and extends existing material on QRE and is a significant contribution to pure, and especially applied, game theory. No other books explicate QRE systematically beyond the introductory level and these authors are the right team for pulling the core material together."--Daniel Friedman, University of California, Santa Cruz

"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

About the Author:

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.

"About this title" may belong to another edition of this title.

Buy New View Book
List Price: US$ 60.00
US$ 50.07

Convert currency

Shipping: FREE
From United Kingdom to U.S.A.

Destination, rates & speeds

Add to Basket

Top Search Results from the AbeBooks Marketplace

1.

Thomas R. Palfrey, Jacob K. Goeree, Charles A. Holt
Published by Princeton University Press, United States (2016)
ISBN 10: 069112423X ISBN 13: 9780691124230
New Hardcover Quantity Available: 1
Seller:
Book Depository International
(London, United Kingdom)
Rating
[?]

Book Description Princeton University Press, United States, 2016. Hardback. Condition: New. Language: English. Brand new Book. 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. Seller Inventory # AAZ9780691124230

More information about this seller | Contact this seller

Buy New
US$ 50.07
Convert currency

Add to Basket

Shipping: FREE
From United Kingdom to U.S.A.
Destination, rates & speeds

2.

Thomas R. Palfrey, Jacob K. Goeree, Charles A. Holt
Published by Princeton University Press, United States (2016)
ISBN 10: 069112423X ISBN 13: 9780691124230
New Hardcover Quantity Available: 1
Seller:
The Book Depository
(London, United Kingdom)
Rating
[?]

Book Description Princeton University Press, United States, 2016. Hardback. Condition: New. Language: English. Brand new Book. 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. Seller Inventory # AAZ9780691124230

More information about this seller | Contact this seller

Buy New
US$ 51.72
Convert currency

Add to Basket

Shipping: FREE
From United Kingdom to U.S.A.
Destination, rates & speeds

3.

Jacob K. Goeree; Charles A. Holt; Thomas R. Palfrey
ISBN 10: 069112423X ISBN 13: 9780691124230
New Quantity Available: 2
Seller:
Speedy Hen LLC
(Sunrise, FL, U.S.A.)
Rating
[?]

Book Description Condition: New. Bookseller Inventory # ST069112423X. Seller Inventory # ST069112423X

More information about this seller | Contact this seller

Buy New
US$ 53.53
Convert currency

Add to Basket

Shipping: FREE
Within U.S.A.
Destination, rates & speeds

4.

Jacob K. Goeree
Published by Princeton University Press (2016)
ISBN 10: 069112423X ISBN 13: 9780691124230
New Quantity Available: > 20
Seller:
Books2Anywhere
(Fairford, GLOS, United Kingdom)
Rating
[?]

Book Description Princeton University Press, 2016. HRD. Condition: New. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Seller Inventory # WP-9780691124230

More information about this seller | Contact this seller

Buy New
US$ 46.43
Convert currency

Add to Basket

Shipping: US$ 11.81
From United Kingdom to U.S.A.
Destination, rates & speeds

5.

Goeree, Jacob; Holt, Charles; Palfrey, Thomas
Published by Princeton University Press
ISBN 10: 069112423X ISBN 13: 9780691124230
New Hardcover Quantity Available: 2
Seller:
WFL
(Holtsville, NY, U.S.A.)
Rating
[?]

Book Description Princeton University Press. Hardcover. Condition: New. 069112423X Brand New ,Original Book , Direct from Source , Express 6-8 business days worldwide delivery. Seller Inventory # DG#IL265883

More information about this seller | Contact this seller

Buy New
US$ 54.74
Convert currency

Add to Basket

Shipping: US$ 4.90
Within U.S.A.
Destination, rates & speeds

6.

Jacob Goeree (author), Charles Holt (author), Thomas Palfrey (author)
Published by Princeton University Press 2016-06-28, Princeton (2016)
ISBN 10: 069112423X ISBN 13: 9780691124230
New Hardcover Quantity Available: > 20
Seller:
Blackwell's
(Oxford, OX, United Kingdom)
Rating
[?]

Book Description Princeton University Press 2016-06-28, Princeton, 2016. hardback. Condition: New. Seller Inventory # 9780691124230

More information about this seller | Contact this seller

Buy New
US$ 49.98
Convert currency

Add to Basket

Shipping: US$ 9.84
From United Kingdom to U.S.A.
Destination, rates & speeds

7.

Jacob K. Goeree; Charles A. Holt; Thomas R. Palfrey
Published by Princeton University Press (2016)
ISBN 10: 069112423X ISBN 13: 9780691124230
New Hardcover Quantity Available: 1
Seller:
Irish Booksellers
(Portland, ME, U.S.A.)
Rating
[?]

Book Description Princeton University Press, 2016. Condition: New. book. Seller Inventory # M069112423X

More information about this seller | Contact this seller

Buy New
US$ 58.48
Convert currency

Add to Basket

Shipping: US$ 3.27
Within U.S.A.
Destination, rates & speeds

8.

Jacob K. Goeree
Published by Princeton University Press
ISBN 10: 069112423X ISBN 13: 9780691124230
New Hardcover Quantity Available: 1
Seller:
THE SAINT BOOKSTORE
(Southport, United Kingdom)
Rating
[?]

Book Description Princeton University Press. Hardback. Condition: New. New copy - Usually dispatched within 2 working days. Seller Inventory # B9780691124230

More information about this seller | Contact this seller

Buy New
US$ 52.89
Convert currency

Add to Basket

Shipping: US$ 9.10
From United Kingdom to U.S.A.
Destination, rates & speeds

9.

Jacob K. Goeree; Charles A. Holt; Thomas R. Palfrey
Published by Princeton University Press (2016)
ISBN 10: 069112423X ISBN 13: 9780691124230
New Hardcover Quantity Available: 2
Seller:
Ria Christie Collections
(Uxbridge, United Kingdom)
Rating
[?]

Book Description Princeton University Press, 2016. Condition: New. book. Seller Inventory # ria9780691124230_rkm

More information about this seller | Contact this seller

Buy New
US$ 56.95
Convert currency

Add to Basket

Shipping: US$ 5.08
From United Kingdom to U.S.A.
Destination, rates & speeds

10.

Goeree, Jacob K., Holt, Charles A., Palfrey, Thomas R.
Published by Princeton University Press (2016)
ISBN 10: 069112423X ISBN 13: 9780691124230
New Hardcover Quantity Available: 2
Rating
[?]

Book Description Princeton University Press, 2016. Condition: New. 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. . . 2016. Hardcover. . . . . . Seller Inventory # V9780691124230

More information about this seller | Contact this seller

Buy New
US$ 67.23
Convert currency

Add to Basket

Shipping: FREE
From Ireland to U.S.A.
Destination, rates & speeds

There are more copies of this book

View all search results for this book