Behavioral Game Theory

• Andere auteurs: Golman, Russell (Redacteur)
• Formaat: Elektronisch Hoofdstuk
• Taal: Engels
• Gepubliceerd in: Basel, Switzerland MDPI - Multidisciplinary Digital Publishing Institute 2021
• Onderwerpen: Economics, finance, business & management; social preferences; third-party punishment; cognitive reflection ability; intuition; reflection; dictator game; ultimatum game; potential games; social welfare; risk dominance; payoff dominance; innovation diffusion; externalities; decomposition; strategic communication; two-stage games; pareto efficient equilibria; belief formation; learning; behavioral game theory; case-based decision theory; level-k reasoning; guessing game; cognitive load; endogenous depth of reasoning; strategic thinking; n/a
• Online toegang: DOAB: download the publication; DOAB: description of the publication

Samenvatting

How do interacting decision-makers make strategic choices? If they're rational and can somehow predict each other's behavior, they may find themselves in a Nash equilibrium. However, humans display pervasive and systematic departures from rationality. They often do not conform to the predictions of the Nash equilibrium, or its various refinements. This has led to the growth of behavioral game theory, which accounts for how people actually make strategic decisions by incorporating social preferences, bounded rationality (for example, limited iterated reasoning), and learning from experience. This book brings together new advances in the field of behavioral game theory that help us understand how people actually make strategic decisions in game-theoretic situations.

Fysieke beschrijving

1 electronic resource (128 p.)

ISBN

books978-3-03943-774-0
9783039437733
9783039437740

Toegang

Open Access