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NoteCorrelated quantal responses and equilibrium selection

Article ID Journal Published Year Pages File Type
5073094 Games and Economic Behavior 2006 9 Pages PDF
Abstract

This paper considers incomplete information games with payoffs subject to correlated random disturbances. It explains the connection between the uniqueness of quantal response equilibria, where large noise is required, and the uniqueness of equilibria in global games, where small noise is required.

Keywords
D82C72Global gameQuantal response equilibrium
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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NoteCorrelated quantal responses and equilibrium selection
Authors
Takashi Ui,
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Journal
Games and Economic Behavior
Journal: Games and Economic Behavior
Related Categories
D82
C72
Global game
Quantal response equilibrium
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