IDEAS home Printed from https://ideas.repec.org/a/eee/gamebe/v41y2002i1p61-78.html
   My bibliography  Save this article

Probabilistic choice and procedurally bounded rationality

Author

Listed:
  • Mattsson, Lars-Goran
  • Weibull, Jorgen W.

Abstract

No abstract is available for this item.

Suggested Citation

  • Mattsson, Lars-Goran & Weibull, Jorgen W., 2002. "Probabilistic choice and procedurally bounded rationality," Games and Economic Behavior, Elsevier, vol. 41(1), pages 61-78, October.
    • Handle: RePEc:eee:gamebe:v:41:y:2002:i:1:p:61-78
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0899-8256(02)00014-3
    Download Restriction: Full text for ScienceDirect subscribers only
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Assar Lindbeck & Sten Nyberg & Jörgen W. Weibull, 1999. "Social Norms and Economic Incentives in the Welfare State," The Quarterly Journal of Economics, Oxford University Press, vol. 114(1), pages 1-35.
    2. van Damme, Eric & Weibull, Jörgen W., 1999. "Evolution and Refinement with Endogenous Mistake Probabilities," Working Paper Series 525, Research Institute of Industrial Economics.
    3. Chen, Hsiao-Chi & Friedman, James W. & Thisse, Jacques-Francois, 1997. "Boundedly Rational Nash Equilibrium: A Probabilistic Choice Approach," Games and Economic Behavior, Elsevier, vol. 18(1), pages 32-54, January.
    4. repec:hhs:iuiwop:544 is not listed on IDEAS
    5. Blume Lawrence E., 1993. "The Statistical Mechanics of Strategic Interaction," Games and Economic Behavior, Elsevier, vol. 5(3), pages 387-424, July.
    6. Coughlin, Peter & Nitzan, Shmuel, 1981. "Electoral outcomes with probabilistic voting and Nash social welfare maxima," Journal of Public Economics, Elsevier, vol. 15(1), pages 113-121, February.
    7. McKelvey Richard D. & Palfrey Thomas R., 1995. "Quantal Response Equilibria for Normal Form Games," Games and Economic Behavior, Elsevier, vol. 10(1), pages 6-38, July.
    8. Coughlin, Peter & Nitzan, Shmuel, 1981. "Directional and local electoral equilibria with probabilistic voting," Journal of Economic Theory, Elsevier, vol. 24(2), pages 226-239, April.
    9. Stahl, D O, 1990. "Entropy Control Costs and Entropic Equilibria," International Journal of Game Theory, Springer;Game Theory Society, vol. 19(2), pages 129-138.
    10. Anderson, Simon P. & Goeree, Jacob K. & Holt, Charles A., 2001. "Minimum-Effort Coordination Games: Stochastic Potential and Logit Equilibrium," Games and Economic Behavior, Elsevier, vol. 34(2), pages 177-199, February.
    11. Hofbauer,J. & Sandholm,W.H., 2001. "Evolution and learning in games with randomly disturbed payoffs," Working papers 5, Wisconsin Madison - Social Systems.
    12. repec:fth:tilbur:99122 is not listed on IDEAS
    13. Mattsson, Lars-Göran & Weibull, Jörgen W., 2000. "Probabilistic Choice as a Result of Mistakes," Working Paper Series 544, Research Institute of Industrial Economics.
    14. Snickars, Folke & Weibull, Jorgen W., 1977. "A minimum information principle : Theory and practice," Regional Science and Urban Economics, Elsevier, vol. 7(1-2), pages 137-168, March.
    15. Hofbauer,J. & Sandholm,W.H., 2001. "Evolution and learning in games with randomly disturbed payoffs," Working papers 5, Wisconsin Madison - Social Systems.
    16. Machina, Mark J, 1985. "Stochastic Choice Functions Generated from Deterministic Preferences over Lotteries," Economic Journal, Royal Economic Society, vol. 95(379), pages 575-594, September.
    17. repec:hhs:iuiwop:525 is not listed on IDEAS
    18. C S Fisk & D E Boyce, 1984. "A Modified Composite Cost Measure for Probabilistic Choice Modeling," Environment and Planning A, , vol. 16(2), pages 241-248, February.
    19. van Damme, E.E.C., 1983. "Refinements of the Nash Equilibrium Concept," Other publications TiSEM 116b3ec4-be4d-48c2-ad1b-8, Tilburg University, School of Economics and Management.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Sandholm, William H., 2007. "Pigouvian pricing and stochastic evolutionary implementation," Journal of Economic Theory, Elsevier, vol. 132(1), pages 367-382, January.
    2. Zhang, Boyu & Hofbauer, Josef, 2016. "Quantal response methods for equilibrium selection in 2×2 coordination games," Games and Economic Behavior, Elsevier, vol. 97(C), pages 19-31.
    3. Philip A. Haile & Ali Hortaçsu & Grigory Kosenok, 2008. "On the Empirical Content of Quantal Response Equilibrium," American Economic Review, American Economic Association, vol. 98(1), pages 180-200, March.
    4. Yi, Kang-Oh, 2005. "Quantal-response equilibrium models of the ultimatum bargaining game," Games and Economic Behavior, Elsevier, vol. 51(2), pages 324-348, May.
    5. Simon P. Anderson & Jacob K. Goeree & Charles A. Holt, 2002. "The Logit Equilibrium: A Perspective on Intuitive Behavioral Anomalies," Southern Economic Journal, John Wiley & Sons, vol. 69(1), pages 21-47, July.
    6. Suren Basov, 2005. "Bounded rationality: static versus dynamic approaches," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 25(4), pages 871-885, June.
    7. James Costain & Anton Nakov, 2019. "Logit Price Dynamics," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 51(1), pages 43-78, February.
    8. Morris, Stephen & Ui, Takashi, 2004. "Best response equivalence," Games and Economic Behavior, Elsevier, vol. 49(2), pages 260-287, November.
    9. Ely,J.C. & Sandholm,W.H., 2000. "Evolution with diverse preferences," Working papers 5, Wisconsin Madison - Social Systems.
    10. Yefen Chen & Xuanming Su & Xiaobo Zhao, 2012. "Modeling Bounded Rationality in Capacity Allocation Games with the Quantal Response Equilibrium," Management Science, INFORMS, vol. 58(10), pages 1952-1962, October.
    11. Hofbauer,J. & Sandholm,W.H., 2001. "Evolution and learning in games with randomly disturbed payoffs," Working papers 5, Wisconsin Madison - Social Systems.
    12. Rosenkranz, Stephanie & Weitzel, Utz, 2012. "Network structure and strategic investments: An experimental analysis," Games and Economic Behavior, Elsevier, vol. 75(2), pages 898-920.
    13. Patty, John Wiggs, 2005. "Local equilibrium equivalence in probabilistic voting models," Games and Economic Behavior, Elsevier, vol. 51(2), pages 523-536, May.
    14. Michel Benaïm & Josef Hofbauer & Sylvain Sorin, 2012. "Perturbations of Set-Valued Dynamical Systems, with Applications to Game Theory," Dynamic Games and Applications, Springer, vol. 2(2), pages 195-205, June.
    15. Suren Basov, 2003. "Quantal Response Equilibrium with Non-Monotone Probabilities: A Dynamic Approach," Department of Economics - Working Papers Series 880, The University of Melbourne.
    16. Emerson Melo, 2022. "On the uniqueness of quantal response equilibria and its application to network games," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 74(3), pages 681-725, October.
    17. Xuanming Su, 2008. "Bounded Rationality in Newsvendor Models," Manufacturing & Service Operations Management, INFORMS, vol. 10(4), pages 566-589, May.
    18. Yi, Kang-Oh, 2003. "A quantal response equilibrium model of order-statistic games," Journal of Economic Behavior & Organization, Elsevier, vol. 51(3), pages 413-425, July.
    19. Roy Allen & John Rehbeck, 2021. "A Generalization of Quantal Response Equilibrium via Perturbed Utility," Games, MDPI, vol. 12(1), pages 1-16, March.
    20. McKelvey, Richard D. & Patty, John W., 2006. "A theory of voting in large elections," Games and Economic Behavior, Elsevier, vol. 57(1), pages 155-180, October.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:gamebe:v:41:y:2002:i:1:p:61-78. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/622836 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.