We present a tractable generalization of quantal response equilibrium via non-expected utility preferences. In particular, we introduce concave perturbed utility games in which an individual has strategy-specific utility indices that depend on the outcome of the game and an additively separable...

We present a tractable generalization of quantal response equilibrium via non-expected utility preferences. In particular, we introduce concave perturbed utility games in which an individual has strategy-specific utility indices that depend on the outcome of the game and an additively separable...

We present a new approach to studying equilibrium dynamics in a class of stochastic games with a continuum of players with private types and strategic complementarities. We introduce a suitable equilibrium concept, called Markov Stationary Nash Distributional Equilibrium (MSNDE), prove its...

When checking revealed preference conditions on experimental or field data, a commonly reported measure of choice consistency is a function of the largest number of rationalizable choices. While there are known methods to compute the largest number of rationalizable choices for the standard...

This note studies whether any set of finitely supported mixed strategies can be represented as the unique Nash equilibrium of a game. This note shows that if strategy spaces are metric spaces containing infinitely many points, then any set of finitely supported mixed strategies can be...

This laboratory experiment examines whether individuals follow Nash equilibrium predictions in the two-player one-shot complete information entry game of Bresnahan and Reiss (1990) while varying payoff parameters. This entry game is regularly used in empirical industrial organization, but has...

Nontransitive choices have long been an area of curiosity within economics. However, determining whether nontransitive choices represent an individual’s preference is a difficult task since choice data is inherently stochastic. This paper shows that behavior from nontransitive preferences...