auction is low or intermediate, the tracing procedure method of Harsanyi and Selten (1988) and the quantal response method of … McKelvey and Palfrey (1998) select the same equilibrium. When the demand is high, the tracing procedure method does not select …

any non-cooperative N-person game. The heart of their theory is given by the tracing procedure, a mathematical … construction that adjusts arbitrary prior beliefs into equilibrium beliefs. The tracing procedure plays an important role in the … outcome of the algorithm is shown to be arbitrarily close to the beliefs proposed by the tracing procedure. Therefore, the …

such a way that it computes the Nash equilibrium selected by the tracing procedure of Harsanyi and Selten. As a by …-product of our proofs it follows that for a generic game the tracing procedure defines a unique feasible path. The numerical …

the so-called linear tracing procedure. This is the first paper to give direct, simple proofs of the feasibility of the … linear tracing procedure. The first proof utilizes a result that is related to Kakutani's fixed point theorem and that is an …