ESTIMATING A MIXED STRATEGY EMPLOYING MAXIMUM ENTROPY

Amos Golan, Larry Karp and Jeffrey Perloff

No 25072, CUDARE Working Papers from University of California, Berkeley, Department of Agricultural and Resource Economics

Abstract: Generalized maximum entropy may be used to estimate mixed strategies subject to restrictions from game theory. This method avoids distributional assumptions and is consistent and efficient. We use this method to estimate the mixed strategies of duopolistic airlines.

Keywords: Research; Methods/Statistical; Methods (search for similar items in EconPapers)
Pages: 40
Date: 1996
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https://ageconsearch.umn.edu/record/25072/files/wp780.pdf (application/pdf)

Related works:
Working Paper: Estimating a mixed strategy employing maximum entropy (1996)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:ucbecw:25072

DOI: 10.22004/ag.econ.25072

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