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Applications to Economics

Jacob K. Goeree, Charles A. Holt, and Thomas R. Palfrey

in Quantal Response Equilibrium: A Stochastic Theory of Games

Published in print:
2016
Published Online:
January 2018
ISBN:
9780691124230
eISBN:
9781400880928
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691124230.003.0009
Subject:
Economics and Finance, History of Economic Thought

This chapter explores whether the equilibrium effects of noisy behavior can cause large deviations from standard predictions in economically relevant situations. It considers a simple ... More


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