# The paradox of monotone structural QRE

## TL;DR

This paper examines the limitations of the monotone structural Quantal Response Equilibrium (QRE) theory, highlighting potential misspecifications when modeling monotone behavior in strategic settings.

## Contribution

It identifies and discusses the paradoxes and limitations of the existing monotone structural QRE framework, proposing insights into its applicability.

## Key findings

- Identifies misspecification issues in monotone structural QRE
- Highlights paradoxes in the theory's assumptions
- Suggests need for revised models or approaches

## Abstract

McKelvey and Palfrey (1995)'s monotone structural Quantal Response Equilibrium theory may be misspecified for the study of monotone behavior.