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Turocy, Theodore L. 
ORCID: https://orcid.org/0000-0002-2265-844X
(2010)
Computing sequential equilibria using agent quantal response equilibria.
Economic Theory, 42 (1).
pp. 255-269.
Abstract
The limit of any convergent sequence of agent quantal response equilibria is a sequential equilibrium of an extensive game. Using a logarithmic transformation of action probabilities, it is numerically feasible and practical to compute such sequences, and thereby compute good approximations to sequential equilibrium assessments. This paper describes the algorithm to compute the sequences, and outlines the convergence and selection properties of the method.
| Item Type: | Article |
|---|---|
| Faculty \ School: | Faculty of Social Sciences > School of Economics |
| UEA Research Groups: | Faculty of Social Sciences > Research Groups > Experimental Economics (former - to 2017) Faculty of Social Sciences > Research Groups > Environment, Resources and Conflict Faculty of Social Sciences > Research Groups > Economic Theory Faculty of Social Sciences > Research Centres > Centre for Behavioural and Experimental Social Sciences Faculty of Social Sciences > Research Centres > Centre for Competition Policy Faculty of Social Sciences > Research Groups > Behavioural Economics |
| Depositing User: | Gina Neff |
| Date Deposited: | 17 Jan 2011 11:19 |
| Last Modified: | 14 Aug 2023 11:30 |
| URI: | https://ueaeprints.uea.ac.uk/id/eprint/19294 |
| DOI: | 10.1007/s00199-009-0443-3 |
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