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- W2072594930 abstract "The paper shows that, in some important respects, the differences between the Nash equilibrium and competing concepts such as the quantal response equilibrium are smaller than they appear. I start from the observation that, in many experiments, parameter shifts that leave the Nash equilibrium unchanged affect behavior. I explain the direction of change with a heuristic structural approach, relying on properties such as strategic complementarities and increasing differences. I justify the approach using existing comparative statics results for the Nash equilibrium and new comparative statics results for the quantal response equilibrium. Further, I show that the experimental observations can also be rationalized by a model of adjustment to change that does not rely on any equilibrium concept. Finally, I relate the structural approach to equilibrium selection concepts." @default.
- W2072594930 created "2016-06-24" @default.
- W2072594930 creator A5019657519 @default.
- W2072594930 date "2007-01-01" @default.
- W2072594930 modified "2023-09-26" @default.
- W2072594930 title "A Unified Approach to Comparative Statics Puzzles in Experiments" @default.
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- W2072594930 doi "https://doi.org/10.2139/ssrn.1113827" @default.
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