Today I report a new tentative winner: equity-driven quantal response equilibrium. This is ordinary quantal response, but using modified payoffs: a player’s cash payment minus penalties for differences between player cash payments. The new kind is dead – long live the new king.
Excerpt from:
Overcoming Bias : Newer Best Game Theory
Tags: between-player, cash-payment, live-the-new, long-live, minus-penalties, new-kind, new-results, new-tentative, the-new