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Heterogeneous quantal response equilibrium and cognitive hierarchies
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Cited by:
- Brocas, Isabelle & Carrillo, Juan D. & Castro, Manuel, 2017.
"Second-price common value auctions with uncertainty, private and public information: Experimental evidence,"
Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 67(C), pages 28-40.
- Carrillo, Juan & Brocas, Isabelle & Castro, Manuel, 2015. "Second-price common value auctions with uncertainty, private and public information: experimental evidence," CEPR Discussion Papers 10377, C.E.P.R. Discussion Papers.
- Yves Breitmoser, 2021. "Controlling for presentation effects in choice," Quantitative Economics, Econometric Society, vol. 12(1), pages 251-281, January.
- Anthony Ziegelmeyer & Christoph March & Sebastian Kr?gel, 2013.
"Do We Follow Others When We Should? A Simple Test of Rational Expectations: Comment,"
American Economic Review, American Economic Association, vol. 103(6), pages 2633-2642, October.
- Anthony Ziegelmeyer & Christoph March & Sebastian Krügel, 2012. ""Do We Follow Others when We Should? A Simple Test of Rational Expectations": Comment," Jena Economics Research Papers 2012-006, Friedrich-Schiller-University Jena.
- Ido Erev & Sharon Gilat-Yihyie & Davide Marchiori & Doron Sonsino, 2015.
"On loss aversion, level-1 reasoning, and betting,"
International Journal of Game Theory, Springer;Game Theory Society, vol. 44(1), pages 113-133, February.
- Ido Erev & Sharon Gilat-Yihyie & Davide Marchiori & Doron Sonsino, 2013. "On Loss Aversion, Level-1 Reasoning, and Betting," Working Papers 2, Venice School of Management - Department of Management, Università Ca' Foscari Venezia.
- Wright, James R. & Leyton-Brown, Kevin, 2017. "Predicting human behavior in unrepeated, simultaneous-move games," Games and Economic Behavior, Elsevier, vol. 106(C), pages 16-37.
- Oswaldo Gressani, 2015. "Endogeneous Quantal Response Equilibrium for Normal Form Games," DEM Discussion Paper Series 15-18, Department of Economics at the University of Luxembourg.
- Lim, Wooyoung & Matros, Alexander & Turocy, Theodore L., 2014. "Bounded rationality and group size in Tullock contests: Experimental evidence," Journal of Economic Behavior & Organization, Elsevier, vol. 99(C), pages 155-167.
- Nieken, Petra & Schmitz, Patrick W., 2012.
"Repeated moral hazard and contracts with memory: A laboratory experiment,"
Games and Economic Behavior, Elsevier, vol. 75(2), pages 1000-1008.
- Schmitz, Patrick W. & Nieken, Petra, 2011. "Repeated moral hazard and contracts with memory: A laboratory experiment," CEPR Discussion Papers 8241, C.E.P.R. Discussion Papers.
- Nieken, Petra & Schmitz, Patrick W., 2012. "Repeated moral hazard and contracts with memory: A laboratory experiment," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 372, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
- Camerer, Colin F. & Ho, Teck-Hua, 2015. "Behavioral Game Theory Experiments and Modeling," Handbook of Game Theory with Economic Applications,, Elsevier.
- Vincent P. Crawford & Miguel A. Costa-Gomes & Nagore Iriberri, 2010. "Strategic Thinking," Levine's Working Paper Archive 661465000000001148, David K. Levine.
- Hanaki, Nobuyuki & Koriyama, Yukio & Sutan, Angela & Willinger, Marc, 2019.
"The strategic environment effect in beauty contest games,"
Games and Economic Behavior, Elsevier, vol. 113(C), pages 587-610.
- Nobuyuki Hanaki & Angela Sutan & Marc Willinger, 2016. "The Strategic Environment Effect in Beauty Contest Games," GREDEG Working Papers 2016-05, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
- Nobuyuki Hanaki & Yukio Koriyama & Angela Sutan & Marc Willinger, 2019. "The strategic environment effect in beauty contest games," Post-Print halshs-01929113, HAL.
- Nobuyuki Hanaki & Yukio Koriyama & Angela Sutan & Marc Willinger, 2018. "The strategic environment effect in beauty contest games," Working Papers hal-01954922, HAL.
- Nobuyuki Hanaki & Yukio Koriyama & Angela Sutan & Marc Willinger, 2018. "The strategic environment effect in beauty contest games," CEE-M Working Papers hal-01954922, CEE-M, Universtiy of Montpellier, CNRS, INRA, Montpellier SupAgro.
- Nobuyuki Hanaki & Angela Sutan & Marc Willinger, 2016. "The strategic environment effect in beauty contest games," Working Papers halshs-01294915, HAL.
- Nobuyuki Hanaki & Angela Sutan & Marc Willnger, 2016. "The strategic environment effect in beauty contest games," Working Papers 03-16, LAMETA, Universtiy of Montpellier.
- Matthew Kovach & Gerelt Tserenjigmid, 2023. "The Focal Quantal Response Equilibrium," Papers 2304.00438, arXiv.org.
- Rodrigo A. Velez & Alexander L. Brown, 2018. "Empirical Equilibrium," Papers 1804.07986, arXiv.org, revised Jul 2020.
- Strzalecki, Tomasz, 2014.
"Depth of reasoning and higher order beliefs,"
Journal of Economic Behavior & Organization, Elsevier, vol. 108(C), pages 108-122.
- Tomasz Strzalecki, "undated". "Depth of Reasoning and Higher Order Beliefs," Working Paper 8334, Harvard University OpenScholar.
- Strzalecki, Tomasz, 2014. "Depth of Reasoning and Higher Order Beliefs," Scholarly Articles 14397608, Harvard University Department of Economics.
- Benjamin Patrick Evans & Mikhail Prokopenko, 2024. "Bounded rationality for relaxing best response and mutual consistency: the quantal hierarchy model of decision making," Theory and Decision, Springer, vol. 96(1), pages 71-111, February.
- Carrillo, Juan D. & Palfrey, Thomas R., 2011.
"No trade,"
Games and Economic Behavior, Elsevier, vol. 71(1), pages 66-87, January.
- Carrillo, Juan & Palfrey, Thomas R, 2007. "No Trade," CEPR Discussion Papers 6554, C.E.P.R. Discussion Papers.
- Carrillo, Juan D. & Palfrey, Thomas R., 2007. "No Trade," Working Papers 1279, California Institute of Technology, Division of the Humanities and Social Sciences.
- Juan D Carrillo & Thomas R Palfrey, 2008. "No Trade," Levine's Bibliography 122247000000001839, UCLA Department of Economics.
- Breitmoser, Yves & Tan, Jonathan H.W. & Zizzo, Daniel John, 2014.
"On the beliefs off the path: Equilibrium refinement due to quantal response and level-k,"
Games and Economic Behavior, Elsevier, vol. 86(C), pages 102-125.
- Yves Breitmoser & Jonathan H.W. Tan & Daniel John Zizzo, 2010. "On the Beliefs off the Path: Equilibrium Refinement due to Quantal Response and Level-k," ICBBR Working Papers 9, International Centre for Behavioural Business Research.
- Yves Breitmoser & Jonathan H. W. Tan & Daniel John Zizzo, 2010. "On the beliefs off the path: Equilibrium refinement due to quantal response and level-k," Working Paper series, University of East Anglia, Centre for Behavioural and Experimental Social Science (CBESS) 10-05, School of Economics, University of East Anglia, Norwich, UK..
- Eva I. Hoppe & Patrick W. Schmitz, 2013.
"Contracting under Incomplete Information and Social Preferences: An Experimental Study,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 80(4), pages 1516-1544.
- Hoppe, Eva I. & Schmitz, Patrick W., 2013. "Contracting under Incomplete Information and Social Preferences: An Experimental Study," MPRA Paper 44240, University Library of Munich, Germany.
- Schmitz, Patrick W. & Hoppe-Fischer, Eva, 2013. "Contracting under Incomplete Information and Social Preferences: An Experimental Study," CEPR Discussion Papers 9287, C.E.P.R. Discussion Papers.
- Golman, Russell, 2012. "Homogeneity bias in models of discrete choice with bounded rationality," Journal of Economic Behavior & Organization, Elsevier, vol. 82(1), pages 1-11.
- Ioannou, Christos A. & Qi, Shi & Rustichini, Aldo, 2013. "A test of stability in a linear altruism model," Economics Letters, Elsevier, vol. 121(1), pages 85-89.
- Nobuyuki Hanaki, 2020.
"Cognitive ability and observed behavior in laboratory experiments: implications for macroeconomic theory,"
The Japanese Economic Review, Springer, vol. 71(3), pages 355-378, July.
- Nobuyuki Hanaki, 2019. "Cognitive Ability and Observed Behavior in Laboratory Experiments: Implications for Macroeconomic Theory," GREDEG Working Papers 2019-22, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
- Nobuyuki Hanaki, 2019. "Cognitive ability and observed behavior in laboratory experiments: implications for macroeconomic theory," Post-Print halshs-02534868, HAL.
- Camerer, Colin & Nunnari, Salvatore & Palfrey, Thomas R., 2016. "Quantal response and nonequilibrium beliefs explain overbidding in maximum-value auctions," Games and Economic Behavior, Elsevier, vol. 98(C), pages 243-263.
- Alan Kirman & François Laisney & Paul Pezanis-Christou, 2023. "Relaxing the symmetry assumption in participation games: a specification test for cluster-heterogeneity," Experimental Economics, Springer;Economic Science Association, vol. 26(4), pages 850-878, September.
- Breitmoser, Yves & Tan, Jonathan H.W., 2020.
"Why should majority voting be unfair?,"
Journal of Economic Behavior & Organization, Elsevier, vol. 175(C), pages 281-295.
- Breitmoser, Yves & Tan, Jonathan H.W., 2017. "Why Should Majority Voting Be Unfair?," Rationality and Competition Discussion Paper Series 50, CRC TRR 190 Rationality and Competition.
- Wenner, Lukas M., 2018. "Do sellers exploit biased beliefs of buyers? An experiment," Games and Economic Behavior, Elsevier, vol. 110(C), pages 194-215.
- Willemien Kets, 2014. "Finite Depth of Reasoning and Equilibrium Play in Games with Incomplete Information," Discussion Papers 1569, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Benjamin Patrick Evans & Sumitra Ganesh, 2024. "Learning and Calibrating Heterogeneous Bounded Rational Market Behaviour with Multi-Agent Reinforcement Learning," Papers 2402.00787, arXiv.org.
- Koriyama, Yukio & Ozkes, Ali I., 2021.
"Inclusive cognitive hierarchy,"
Journal of Economic Behavior & Organization, Elsevier, vol. 186(C), pages 458-480.
- Koriyama, Yukio & Ozkes, Ali, 2020. "Inclusive Cognitive Hierarchy," Department for Strategy and Innovation Working Paper Series 09/2020, WU Vienna University of Economics and Business.
- Moinas, Sophie & Pouget, Sébastien, 2009. "The Bubble Game : An experimental Study of Speculation (An earlier version of this paper was circulated under the title "The Rational and Irrational Bubbles : an Experiment")," IDEI Working Papers 560, Institut d'Économie Industrielle (IDEI), Toulouse, revised Jan 2012.
- Jacob K. Goeree & Philippos Louis, 2021.
"M Equilibrium: A Theory of Beliefs and Choices in Games,"
American Economic Review, American Economic Association, vol. 111(12), pages 4002-4045, December.
- Jacob K. Goeree & Philippos Louis, 2018. "M Equilibrium: A theory of beliefs and choices in games," Papers 1811.05138, arXiv.org, revised Apr 2021.
- Yefen Chen & Xuanming Su & Xiaobo Zhao, 2012. "Modeling Bounded Rationality in Capacity Allocation Games with the Quantal Response Equilibrium," Management Science, INFORMS, vol. 58(10), pages 1952-1962, October.
- Youzong Xu, 2019. "Collective decision-making of voters with heterogeneous levels of rationality," Public Choice, Springer, vol. 178(1), pages 267-287, January.
- Aguirregabiria Victor & Xie Erhao, 2021. "Identification of Non-Equilibrium Beliefs in Games of Incomplete Information Using Experimental Data," Journal of Econometric Methods, De Gruyter, vol. 10(1), pages 1-26, January.
- Janssen, Dirk-Jan & Weitzel, Utz & Füllbrunn, Sascha, 2015. "Speculative Bubbles - An introduction and application of the Speculation Elicitation Task (SET)," MPRA Paper 63028, University Library of Munich, Germany.
- Lihui Lin, 2023. "Does risk aversion explain behavior in a lemon market?," Bulletin of Economic Research, Wiley Blackwell, vol. 75(2), pages 413-425, April.
- Feri, Francesco & Meléndez-Jiménez, Miguel A. & Ponti, Giovanni & Vega-Redondo, Fernando, 2011.
"Error cascades in observational learning: An experiment on the Chinos game,"
Games and Economic Behavior, Elsevier, vol. 73(1), pages 136-146, September.
- Francesco Feri & Miguel A. Melendez-Jimenez & Giovanni Ponti & Fernando Vega Redondo, 2008. "Error Cascades in Observational Learning: An Experiment on the Chinos Game," Economics Working Papers ECO2008/14, European University Institute.
- Francesco Feri & Miguel Ángel Meléndez-Jiménez & Giovanni Ponti & Fernando Vega Redondo, 2008. "Error Cascades in Observational Learning: An Experiment on the Chinos Game," Working Papers 2008-21, Faculty of Economics and Statistics, Universität Innsbruck.
- Georganas, Sotiris & Healy, Paul J. & Weber, Roberto A., 2015.
"On the persistence of strategic sophistication,"
Journal of Economic Theory, Elsevier, vol. 159(PA), pages 369-400.
- Sotiris Georganas & Paul J. Healy & Roberto A. Weber, 2014. "On the Persistence of Strategic Sophistication," CESifo Working Paper Series 4653, CESifo.
- Caballero, William N. & Lunday, Brian J. & Uber, Richard P., 2021. "Identifying behaviorally robust strategies for normal form games under varying forms of uncertainty," European Journal of Operational Research, Elsevier, vol. 288(3), pages 971-982.
- Hoppe, Eva I. & Schmitz, Patrick W., 2015.
"Do sellers offer menus of contracts to separate buyer types? An experimental test of adverse selection theory,"
Games and Economic Behavior, Elsevier, vol. 89(C), pages 17-33.
- Schmitz, Patrick W. & Hoppe-Fischer, Eva, 2013. "Do Sellers Offer Menus of Contracts to Separate Buyer Types? An Experimental Test of Adverse Selection Theory," CEPR Discussion Papers 9510, C.E.P.R. Discussion Papers.
- Chakrabarti, Subir K., 2014. "On the robustness of the competitive equilibrium: Utility-improvements and equilibrium points," Journal of Mathematical Economics, Elsevier, vol. 55(C), pages 36-47.
- Di, Xuan & Liu, Henry X., 2016. "Boundedly rational route choice behavior: A review of models and methodologies," Transportation Research Part B: Methodological, Elsevier, vol. 85(C), pages 142-179.
- Meng-Jhang Fong & Po-Hsuan Lin & Thomas R. Palfrey, 2023. "Cursed Sequential Equilibrium," Papers 2301.11971, arXiv.org, revised Apr 2023.
- Choo, Lawrence C.Y & Kaplan, Todd R., 2014.
"Explaining Behavior in the "11-20" Game,"
MPRA Paper
52808, University Library of Munich, Germany.
- Lawrence C.Y Choo & Todd R. Kaplan, 2014. "Explaining Behavior in the "11-20” Game," Discussion Papers 1401, University of Exeter, Department of Economics.
- Li, Yan & Chen, Yefen & Shou, Biying & Zhao, Xiaobo, 2019. "Oligopolistic quantity competition with bounded rationality and social comparison," International Journal of Production Economics, Elsevier, vol. 211(C), pages 180-196.
- Daniel Carvalho & Luís Santos-Pinto, 2014. "A cognitive hierarchy model of behavior in the action commitment game," International Journal of Game Theory, Springer;Game Theory Society, vol. 43(3), pages 551-577, August.
- Tan, Jonathan H.W. & Breitmoser, Yves & Bolle, Friedel, 2015.
"Voluntary contributions by consent or dissent,"
Games and Economic Behavior, Elsevier, vol. 92(C), pages 106-121.
- Tan, Jonathan H.W. & Breitmoser, Yves & Bolle, Friedel, 2010. "Voluntary Contributions by Consent or Dissent," MPRA Paper 22001, University Library of Munich, Germany.
- Gressani, O., 2015. "Endogeneous Quantal Response Equilibrium for Normal Form Games," LIDAM Discussion Papers CORE 2015053, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Friedman, Evan, 2020. "Endogenous quantal response equilibrium," Games and Economic Behavior, Elsevier, vol. 124(C), pages 620-643.
- Tony Haitao Cui & Yinghao Zhang, 2018. "Cognitive Hierarchy in Capacity Allocation Games," Management Science, INFORMS, vol. 64(3), pages 1250-1270, March.
- Dharshana Kasthurirathna & Prasan Ratnayake & Mahendra Piraveenan, 2022. "Disassortative Mixing and Systemic Rational Behaviour: How System Rationality Is Influenced by Topology and Placement in Networked Systems," Mathematics, MDPI, vol. 10(18), pages 1-17, September.
- Theodore L. Turocy & Timothy N. Cason, 2015. "Bidding in first-price and second-price interdependent-values auctions: A laboratory experiment," Working Paper series, University of East Anglia, Centre for Behavioural and Experimental Social Science (CBESS) 15-23, School of Economics, University of East Anglia, Norwich, UK..
- Meickmann, Felix C., 2023. "Cooperation in knowledge sharing and R&D investment," Journal of Economic Behavior & Organization, Elsevier, vol. 211(C), pages 146-164.
- Bo An & Fernando Ordóñez & Milind Tambe & Eric Shieh & Rong Yang & Craig Baldwin & Joseph DiRenzo & Kathryn Moretti & Ben Maule & Garrett Meyer, 2013. "A Deployed Quantal Response-Based Patrol Planning System for the U.S. Coast Guard," Interfaces, INFORMS, vol. 43(5), pages 400-420, October.
- Kirman, Alan P. & Laisney, François & Pezanis-Christou, Paul, 2018.
"Exploration vs exploitation, impulse balance equilibrium, and a specification test for the El Farol bar problem,"
ZEW Discussion Papers
18-038, ZEW - Leibniz Centre for European Economic Research.
- Alan Kirman & François Laisney & Paul Pezanis-Christou, 2018. "Exploration vs Exploitation, Impulse Balance Equilibrium and a specification test for the El Farol bar problem," School of Economics and Public Policy Working Papers 2018-11, University of Adelaide, School of Economics and Public Policy.
- Lee, Natalie, 2023. "Feigning ignorance for long-term gains," Games and Economic Behavior, Elsevier, vol. 138(C), pages 42-71.
- Goeree, Jacob K. & Holt, Charles A. & Smith, Angela M., 2017. "An experimental examination of the volunteer's dilemma," Games and Economic Behavior, Elsevier, vol. 102(C), pages 303-315.
- Dirk-Jan Janssen & Sascha Füllbrunn & Utz Weitzel, 2019. "Individual speculative behavior and overpricing in experimental asset markets," Experimental Economics, Springer;Economic Science Association, vol. 22(3), pages 653-675, September.
- Breitmoser, Yves, 2010. "Hierarchical Reasoning versus Iterated Reasoning in p-Beauty Contest Guessing Games," MPRA Paper 19893, University Library of Munich, Germany.
- Brocas, Isabelle & Carrillo, Juan D., 2022. "Adverse selection and contingent reasoning in preadolescents and teenagers," Games and Economic Behavior, Elsevier, vol. 133(C), pages 331-351.
- Breitmoser, Yves, 2012. "Strategic reasoning in p-beauty contests," Games and Economic Behavior, Elsevier, vol. 75(2), pages 555-569.
- Russell, Golman, 2011. "Quantal response equilibria with heterogeneous agents," Journal of Economic Theory, Elsevier, vol. 146(5), pages 2013-2028, September.
- Christian Köster & Heike Y. Schenk-Mathes, 2016. "Explanatory and predictive power of the adaptive learning model: average and heterogeneous behavior in a newsvendor context," Journal of Business Economics, Springer, vol. 86(4), pages 361-387, May.