From the Luce Choice Axiom to the Quantal Response Equilibrium

Jessie D & Saari DG (2016). From the Luce Choice Axiom to the Quantal Response Equilibrium. Journal of Mathematical Psychology 75: 3-9. DOI:10.1016/j.jmp.2015.10.001.

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Abstract

The Luce Choice Axiom, which has led to advances in several areas, currently is being used to explain subject behavior from experimental game theory. Our critical analysis of one such approach, called the Quantal Response Equilibrium, use a new way to uniquely decompose games into the portion that encourages individuals to seek personally preferred payoffs and the portion that requires cooperation among players. An open problem concerning how to model the actual behavior of players is described.

Item Type: Article
Research Programs: Advanced Systems Analysis (ASA)
Bibliographic Reference: Journal of Mathematical Psychology; Article in press (Published online 18 November 2015)
Depositing User: IIASA Import
Date Deposited: 15 Jan 2016 08:52
Last Modified: 24 Mar 2017 09:04
URI: http://pure.iiasa.ac.at/11279

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