On mu from the logistic quantal-response equilibrium

Robert Ferenc Veszteg*

*この研究の対応する著者

研究成果: Article査読

抄録

This note reflects on the key parameter of the popular logistic quantal-response equilibrium in order to set some common guidelines on its empirical interpretation. It is stressed that the estimated model must be in harmony with the experimental design, because the estimation results on mu prove to be sensitive to changes in the strategy sets of players even if those are unimportant from a game-theoretic point of view. It is also shown that a simple post-estimation correction of mu can help inter-game comparisons, while pre-estimation treatments of the data may introduce unwanted biases.

本文言語English
ページ(範囲)102-111
ページ数10
ジャーナルEconomics Bulletin
32
1
出版ステータスPublished - 2012 1月 31

ASJC Scopus subject areas

  • 経済学、計量経済学および金融学(全般)

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