Boundedly Rational Nash Equilibrium: A Probabilistic Choice Approach.

This paper proposes an equilibrium concept for n-person finite games based on boundedly rational decision making by players. The players are modeled as following random choice behavior in the manner of the logit model of descrete choice theory as set forth by Luce.

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Year of publication:	1996
Authors:	Chen, H.C. ; Friedman, J.W. ; Thisse, J.F.
Institutions:	Center for Operations Research and Econometrics (CORE), École des Sciences Économiques de Louvain
Subject:	GAME THEORY \| DECISION MAKING

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Series:	Papers.
Type of publication:	Book / Working Paper
Notes:	22 pages
Classification:	D81 - Criteria for Decision-Making under Risk and Uncertainty
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005633994