A dynamic homotopy interpretation of the logistic quantal response equilibrium correspondence

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.

Full text not available from this repository. (Request a copy)

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

Actions (login required)

View Item View Item