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Quantal Response Equilibrium
Quantal Response Equilibrium presents a stochastic theory of games that unites probabilistic choice models developed in psychology and statistics with the Nash equilibrium approach of classical game theory. Nash equilibrium assumes precise and perfect decision making in games, but human behavior is inherently stochastic and people realize that the behavior of others is not perfectly predictable. In contrast, QRE models choice behavior as probabilistic and extends classical game theory into a more realistic and useful framework with broad applications for economics, political science, management, and other social sciences. Quantal Response Equilibrium spans the range from basic theoretical fo...
Markets, Games, and Strategic Behavior
First edition published: Boston: Pearson Addison Wesley, 2007.
Experimental Economics
A small but increasing number of economists have begun to use laboratory experiments to evaluate economic propositions under carefully controlled conditions. Experimental Economics is the first comprehensive treatment of this rapidly growing area of research. While the book acknowledges that laboratory experiments are no panacea, it argues cogently for their effectiveness in selected situations. Covering methodological and procedural issues as well as theory, Experimental Economics is not only a textbook but also a useful introduction to laboratory methods for professional economists. Although the authors present some new material, their emphasis is on organizing and evaluating existing results. The book can be used as an anchoring device for a course at either the graduate or advanced undergraduate level. Applications include financial market experiments, oligopoly price competition, auctions, bargaining, provision of public goods, experimental games, and decision making under uncertainty. The book also contains instructions for a variety of laboratory experiments.
Report
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The Tyranny of Printers
Although frequently attacked for their partisanship and undue political influence, the American media of today are objective and relatively ineffectual compared to their counterparts of two hundred years ago. From the late eighteenth to the late nineteenth century, newspapers were the republic's central political institutions, working components of the party system rather than commentators on it. The Tyranny of Printers narrates the rise of this newspaper-based politics, in which editors became the chief party spokesmen and newspaper offices often served as local party headquarters. Beginning when Thomas Jefferson enlisted a Philadelphia editor to carry out his battle with Alexander Hamilton for the soul of the new republic (and got caught trying to cover it up), the centrality of newspapers in political life gained momentum after Jefferson's victory in 1800, which was widely credited to a superior network of papers. Jeffrey L. Pasley tells the rich story of this political culture and its culmination in Jacksonian democracy, enlivening his narrative with accounts of the colorful but often tragic careers of individual editors.
Air Force Register
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Parliamentary Papers
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