Stock Image

Quantal Response Equilibrium (Hardcover)

Jacob K. Goeree

1 ratings by Goodreads
ISBN 10: 069112423X / ISBN 13: 9780691124230
New Condition: New Hardcover
From Grand Eagle Retail (Wilmington, DE, U.S.A.)

AbeBooks Seller Since October 12, 2005 Seller Rating 3-star rating

Quantity Available: 1

Buy New
List Price: US$ 60.00
Price: US$ 84.22 Convert Currency
Shipping: Free Within U.S.A. Destination, rates & speeds
Add to basket

30 Day Return Policy

About this Item

Hardcover. 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 clas.Shipping may be from multiple locations in the US or from the UK, depending on stock availability. 328 pages. 0.622. Bookseller Inventory # 9780691124230

Ask Seller a Question

Bibliographic Details

Title: Quantal Response Equilibrium (Hardcover)

Binding: Hardcover

Book Condition:New

About this title

Synopsis:

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.

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

Store Description

Visit Seller's Storefront

Terms of Sale:

We guarantee the condition of every book as it¿s described on the Abebooks web sites. If you¿ve changed
your mind about a book that you¿ve ordered, please use the Ask bookseller a question link to contact us
and we¿ll respond within 2 business days.
Books ship from California and Michigan.


Shipping Terms:

Orders usually ship within 2 business days. All books within the US ship free of charge. Delivery is 4-14 business days anywhere in the United States.

Books ship from California and Michigan.

If your book order is heavy or oversized, we may contact you to let you know extra shipping is required.

List this Seller's Books

Payment Methods
accepted by seller

Visa Mastercard American Express