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palfrey book 2016

Quantal Response Equilibrium
A Stochastic Theory of Games

By Thomas R. Palfrey, Flintridge Foundation Professor of Economics and Political Science
(Princeton University Press)

"Well-written and easy to follow, this book covers the topic of quantal response equilibrium. The notion of stochastic equilibrium has changed the way game theorists think about long-run and short-run equilibrium. Written by three leading experts, this book is of great importance to researchers in economic theory and political science, and to graduate students."—David K. Levine, European University Institute

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