Both the varieties of capitalism school (VOC) and regulation theory (RT) address the issue of how and why capitalisms … science and political economy but now explores the economic theory of the firm. …

Quantal Response Equilibrium presents a stochastic theory of games that unites probabilistic choice models developed in … psychology and statistics with the Nash equilibrium approach of classical game theory. Nash equilibrium assumes precise and … is not perfectly predictable. In contrast, QRE models choice behavior as probabilistic and extends classical game theory …