CHEN, Hsiao-Ch.; FRIEDMAN, J.W.; THISSE, Jacques-Francois - Center for Operations Research and Econometrics (CORE), … - 1996
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 discrete choice theory as set forth by Luce, McFadden and others. The...