On the Empirical Content of Quantal Response Equilibrium

By Philip A. Haile, Ali Hortaçsu, Grigory Kosenok. 2008

242 citations recorded by the source corpus.

Subfields: General Decision Sciences, Management Science and Operations Research, Safety Research

View Paper: https://www.semanticscholar.org/paper/db50076c7b9b923f7d4dcafcb6ec808c85ab8540

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Citations in the corpus

Predicting human behavior in unrepeated, simultaneous-move games (2013, methodology): “6 We derive Equation (2) in Appendix A. predictive performance is to formulate hypotheses based on implications derived directly from a model’s definition (see Haile et al., 2008; Hargreaves Heap et al., 2014, for examples of such an approach).”
The anatomy of choice: active inference and agency (2013, background): “In particular, quantal response equilibrium (QRE) models of bounded rationality assume that choice probabilities are prescribed by a Boltzmann distribution and that rationality is determined by a temperature parameter (McKelvey and Palfrey, 1995; Haile et al., 2008).”
Game Theory of Mind (2008, background): “In most applications, it is assumed that perturbations are drawn from an extreme value distribution, yielding the familiar and convenient logit choice probabilities in Equation 3 (see [10] for details).”
Vertical Mergers, Foreclosure and Raising Rivals' Costs - Experimental Evidence (2011, unknown): “a longer horizon the above results remain.(13) In periods 16 to 25, average prices in INTEG RAND25 are 2.”
Quantal Response Equilibrium (2018, methodology): “Haile et al. (2004) use this observation to show that without restrictions on the disturbances, structural QRE can explain any data.”
Free Energy, Value, and Attractors (2011, methodology): “These equilibria are analogous to the solutions of the Fokker-Planck equation above, where V(x̃) is called attraction and Γ ∈ R+ is temperature or inverse sensitivity [9, 59].”
Estimating Static Models of Strategic Interactions (2010, unknown): “Other recent examples include [17], [3], [18], [19], [27], [4], [30], [31] and [32].”