Behavioral Game Theory
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...
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| Format: | Online |
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| Langue: | anglais |
| Publié: |
MDPI - Multidisciplinary Digital Publishing Institute
2021
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| Sujets: | |
| Accès en ligne: | ONIX_20210501_9783039437733_21 |
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| _version_ | 1869516309113339904 |
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| collection | Directory of Open Access Books |
| description | 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. |
| format | Online |
| id | doab-20.500.12854ir-68278 |
| institution | Directory of Open Access Books |
| language | eng |
| publishDate | 2021 |
| publishDateRange | 2021 |
| publishDateSort | 2021 |
| publisher | MDPI - Multidisciplinary Digital Publishing Institute |
| publisherStr | MDPI - Multidisciplinary Digital Publishing Institute |
| record_format | ojs |
| spelling | doab-20.500.12854ir-682782024-03-29T19:31:02Z Behavioral Game Theory Golman, Russell 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 thema EDItEUR::K Economics, Finance, Business and Management 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. 2021-05-01T15:06:00Z 2021-05-01T15:06:00Z 2021 book ONIX_20210501_9783039437733_21 9783039437733 9783039437740 https://directory.doabooks.org/handle/20.500.12854/68278 eng application/octet-stream Attribution 4.0 International https://mdpi.com/books/pdfview/book/3287 https://mdpi.com/books/pdfview/book/3287 MDPI - Multidisciplinary Digital Publishing Institute 10.3390/books978-3-03943-774-0 10.3390/books978-3-03943-774-0 46cabcaa-dd94-4bfe-87b4-55023c1b36d0 9783039437733 9783039437740 128 Basel, Switzerland open access |
| spellingShingle | 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 thema EDItEUR::K Economics, Finance, Business and Management Behavioral Game Theory |
| title | Behavioral Game Theory |
| title_full | Behavioral Game Theory |
| title_fullStr | Behavioral Game Theory |
| title_full_unstemmed | Behavioral Game Theory |
| title_short | Behavioral Game Theory |
| title_sort | behavioral game theory |
| topic | 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 thema EDItEUR::K Economics, Finance, Business and Management |
| topic_facet | 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 thema EDItEUR::K Economics, Finance, Business and Management |
| url | ONIX_20210501_9783039437733_21 |