YEP Mini Course with Thomas R. Palfrey on “Quantal Response Equilibrium: An equilibrium theory of games based on stochastic choice”
This Event is open for all PhD students of the BGSE and CGS as well as for all postdocs of the Universities of Bonn and Cologne.
On October 21, 2021, Prof. Thomas R. Palfrey, Ph.D., will hold a lecture on “Quantal Response Equilibrium: An equilibrium theory of games based on stochastic choice”. He is the Flintridge Foundation Professor of Economics and Political Science at the California Institute of Technology (Caltech). His research focus lies on Political Economy, Experimental Economics and Political Science, as well as on Voting and Elections.
The structural Quantal Response Equilibrium (QRE) generalizes the Nash equilibrium by augmenting payoffs with random elements that are not removed in some limit. This approach has been widely used both as a theoretical framework to study comparative statics of games and as an econometric framework to analyze experimental and field data.
This course will present the basic theory of QRE and its application to laboratory experiments in political economy and auctions. The experiments discussed are primarily aimed at testing equilibrium models of strategic voting and bidding behavior. Examples of specific topics that are discussed are voter turnout, the Condorcet jury theorem, and the winner’s curse.
Time: 8:45 to 10:15 and 10:30 to 12:00
This Event is open for PhD students of the BGSE and CGS as well as for postdocs of the Universities of Bonn and Cologne. Other interested researchers from the two universities are also welcome to attend.
Please note the following important information:
To book the venue, we have to follow different procedures of the university’s administration depending on the number of participants. Should more than 20 people participate, we would need an individual hygiene and protection concept and risk assessment as well as the approval of the office for occupational safety (Arbeitsschutz), the event management (Veranstaltungsmanagement), the legal department (Justitiariat) and the provost (Universitätskanzler).
Therefore, if you would like to participate, please use the link below and type in “your full name (institution)”. The registration is open until Sunday, August 29.
Due to these necessities, I apologize for the short notice of the request and that a subsequent registration will probably not be possible.
Should there be only 11 people who want to participate, we can easily use our conference room in the Niebuhrstraße 5.
Finally, should you have registered for the event, but cannot attend, please notify me s.t. we can better estimate the number of participants. Many thanks!
From 13:00 to 15:00 Thomas R. Palfrey will also give one-to-one mentoring advice for advanced Ph.D. students in this area. As there are limited spots available, we ask you politely to send a short email stating your motivation to firstname.lastname@example.org until September 30.
The time slots (CET) will be as follows. You are welcome to state your preferred time slots and we will try our best to meet your needs, however, please keep in mind that we cannot guarantee your preferred time.
13:00 – 13:30 | 13:30 – 14:00 | 14:00 – 14:30 | 14:30 – 15:00
10:15 - 15:30
University of Bonn