Topics Applications Auctions Bargaining Experimental Economics Forum General Equilibrium Napster other Other Topics Prisoners Dilemma Zero Sum Games
| | Thread and Full Text View
06/03/2007 05:25 PM by Anup; Uniqueness of Quantal Response Equilibria | Friends, I just wanted to check if any you can help me with this query. Is a quantal response equilibrium always unique. My understanding from McKelvey and Palfrey (1995) seems to indicate that it is because every action is played with positive probability. But can someone give me more intuition on that. Thanks in advance. [Manage messages]
|