RT Conference Proceedings
T1 An equivalence theorem for LQRE and level-k and one intuitive contradiction
A1 Morales-Siles, Antonio José
K1 Toma de decisiones (Estadística)
AB QRE adds errors to human decisions, keeping the consistency of beliefs and decisions. Thestochastic generalization via a logistic choice rule of the Nash equilibrium has been shownto have two appealing features: (i) its comparative statics properties are in some cases more intuitive than for the standard NE, and (ii) it explains experimental data that are consistentwith intuition but are not predicted by a Nash equilibrium. In this paper we show that level kmodel, much simpler in terms of rationality requirements, reproduces the samecomparative statics and offers predictions close to the logit QRE within the class of gameswith the local payoff property
YR 2014
FD 2014-04-22
LK http://hdl.handle.net/10630/7417
UL http://hdl.handle.net/10630/7417
LA eng
NO Universidad de Málaga. Campus de Excelencia Internacional Andalucía Tech.
DS RIUMA. Repositorio Institucional de la Universidad de Málaga
RD 15 abr 2026