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Turocy, Theodore L. 
ORCID: https://orcid.org/0000-0002-2265-844X
(2005)
A dynamic homotopy interpretation of the logistic quantal response equilibrium correspondence.
Games and Economic Behavior, 51 (2).
pp. 243-263.
Abstract
This paper uses properties of the logistic quantal response equilibrium correspondence to compute Nash equilibria in finite games. It is shown that branches of the correspondence may be numerically traversed efficiently and securely. The method can be implemented on a multicomputer, allowing for application to large games. The path followed by the method has an interpretation analogous to that of Harsanyi and Selten's Tracing Proecdure. As an application, it is shown that the principal branch of any quantal response equilibrium correspondence satisfying a monotonicity property converges to the risk-dominant equilibrium in 2 × 2 games.
| 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 Jul 2023 16:30 |
| URI: | https://ueaeprints.uea.ac.uk/id/eprint/19304 |
| DOI: | 10.1016/j.geb.2004.04.003 |
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