Mixed strategy Nash Equilibrium and Quantal Response Equilibrium. An experimental comparison using RPS games
In this paper I test the hypothesis according to which the Quantal Response Equilibrium (QRE) solution concept significantly outperforms the Mixed Strategy Nash Equilibrium (MSNE) in experimental situations. The testing ground for the hypothesis is an experiment with variations of the RPS game appli...
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| Format: | Article |
| Language: | English |
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General Association of Economists from Romania
2014-10-01
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| Series: | Theoretical and Applied Economics |
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| Online Access: |
http://store.ectap.ro/articole/1030.pdf
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