On the empirical content of quantal response equilibrium

被引：100

作者：

Haile, Philip A. ^{[1
,2
]}

Hortacsu, Ali ^{[2
,3
]}

Kosenok, Grigory ^{[4
]}

机构：

[1] Yale Univ, Dept Econ, New Haven, CT 06520 USA

[2] NBER, Cambridge, MA 02138 USA

[3] Univ Chicago, Dept Econ, Chicago, IL 60637 USA

[4] New Econ Sch, Moscow 117418, Russia

来源：

AMERICAN ECONOMIC REVIEW | 2008年 / 98卷 / 01期

关键词：

D O I：

10.1257/aer.98.1.180

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The quantal response equilibrium (QRE) notion of Richard D. McKelvey and Thomas R. Palfrey (1995) has recently attracted considerable attention, due in part to its widely documented ability to rationalize observed behavior in games played by experimental subjects. However, even with strong a priori restrictions on unobservables, QRE imposes no falsifiable restrictions: it can rationalize any distribution of behavior in any normal form game. After demonstrating this, we discuss several approaches to testing QRE under additional maintained assumptions.

引用

页码：180 / 200

页数：21

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