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Logit equilibrium models of anomalous behavior : what to do when the Nash equilibrium says one thing and the data say something else

Anderson, Simon P.; Goeree, Jacob K.; Holt, Charles A. - 2008

Persistent link: https://www.econbiz.de/10003749827

Noisy directional learning and the logit equilibrium

Anderson, Simon P.; Goeree, Jacob K.; Holt, Charles A. - In: The Scandinavian journal of economics 106 (2004) 3, pp. 581-602

Persistent link: https://www.econbiz.de/10002446369

Minimum-effort coordination games : stochastic potential and logit equilibrium

Anderson, Simon P.; Goeree, Jacob K.; Holt, Charles A. - In: Games and economic behavior 34 (2001) 2, pp. 177-199

Persistent link: https://www.econbiz.de/10001556691

Rent seeking with bounded rationality : an analysis of the all-pay auction

Anderson, Simon P. - In: Journal of political economy 106 (1998) 4, pp. 828-853

Persistent link: https://www.econbiz.de/10001247209

A theoretical analysis of altruism and decision error in public goods games

Anderson, Simon P. - In: Journal of public economics 70 (1998) 2, pp. 297-323

Persistent link: https://www.econbiz.de/10001251385

The war of attrition with noisy players

Goeree, Jacob K. - 1998

Persistent link: https://www.econbiz.de/10001338881

Stochastic Game Theory: Adjustment to Equilibrium Under Noisy Directional Learning

Anderson, Simon P.; Goeree, Jacob K.; Holt, Charles A. - University of Virginia, Department of Economics - 1999

This paper presents a dynamic model in which agents adjust their decisions in the direction of higher payoffs, subject to random error. This process produces a probability distribution of players' decisions whose evolution over time is determined by the Fokker-Planck equation. The dynamic...

Persistent link: https://www.econbiz.de/10005626720