Listar por autor "Morales, Antonio J"

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An equivalence result for (Logit) QRE and Level-k

Morales, Antonio J (2016-04-19)

The logit QRE has comparative statics properties that are in some cases more intuitive than for the standard NE, and it explains experimental data that are consistent with intuition but are not predicted by the Nash ...
An equivalence theorem for LQRE and level-k and one intuitive contradiction

Morales, Antonio J (2014-04-22)

QRE adds errors to human decisions, keeping the consistency of beliefs and decisions. The stochastic generalization via a logistic choice rule of the Nash equilibrium has been shown to have two appealing features: (i) ...