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• W2895970146 abstract "Abstract We develop a nonparametric test for consistency of player behavior with the quantal response equilibrium (QRE). The test exploits a characterization of the equilibrium choice probabilities in any structural QRE as the gradient of a convex function; thereby, QRE‐consistent choices satisfy the cyclic monotonicity inequalities. Our testing procedure utilizes recent econometric results for moment inequality models. We assess our test using lab experimental data from a series of generalized matching pennies games. We reject the QRE hypothesis in the pooled data but cannot reject individual‐level quantal response behavior for over half of the subjects." @default.
• W2895970146 created "2018-10-26" @default.
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• W2895970146 date "2018-10-09" @default.
• W2895970146 modified "2023-10-16" @default.
• W2895970146 title "TESTING THE QUANTAL RESPONSE HYPOTHESIS" @default.
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• W2895970146 doi "https://doi.org/10.1111/iere.12344" @default.
• W2895970146 hasPublicationYear "2018" @default.
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