A quantal response equilibrium model of order-statistic games

Article Abstract:

McKelvey and Palfrey's notion of " quantal response equilibrium" (QRE) is applied to a class of "order-statistic" coordination games. QRE was proposed as a way to allow realistic levels of uncertainty about players' strategies in noncooperative game-theoretic analyses, while retaining most of the parsimony of standard equilibrium analyses.

Models, Economic research, Equilibrium (Economics)

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An exploration of reputation formation in experimental games

Article Abstract:

According to experiments, shorter games may be more conducive to reputation formation. As compared to the longer games, shorter games have the tendency to deviate from the sequential equilibrium prediction.

Organizational research, Impression formation (Psychology)

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Auctions for government securities: a laboratory comparison of uniform, discriminatory and Spanish designs

Article Abstract:

A comparative analysis on discriminatory auctions and uniform auctions with relation to The Bank of Spain auction format is presented.

Banking Institutions, Depository Credit Intermediation, Management dynamics, DEPOSITORY INSTITUTIONS, Spain, Securities issued, listed, Analysis, Management, Banks (Finance), Securities, Government securities, Company business management, Auctions, Company securities

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