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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| Year of Publication: | 2021 |
| Language: | English |
| Physical Description: | 1 electronic resource (128 p.) |
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(CKB)5400000000046128 (oapen)https://directory.doabooks.org/handle/20.500.12854/68278 (EXLCZ)995400000000046128 |
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Golman, Russell edt Behavioral Game Theory Basel, Switzerland MDPI - Multidisciplinary Digital Publishing Institute 2021 1 electronic resource (128 p.) text txt rdacontent computer c rdamedia online resource cr rdacarrier Open access Unrestricted online access star 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. English Economics, finance, business & management bicssc 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 3-03943-773-9 3-03943-774-7 Golman, Russell oth |
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English |
| format |
eBook |
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Golman, Russell |
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Golman, Russell |
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r g rg |
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Sonstige |
| title |
Behavioral Game Theory |
| spellingShingle |
Behavioral Game Theory |
| title_full |
Behavioral Game Theory |
| title_fullStr |
Behavioral Game Theory |
| title_full_unstemmed |
Behavioral Game Theory |
| title_auth |
Behavioral Game Theory |
| title_new |
Behavioral Game Theory |
| title_sort |
behavioral game theory |
| publisher |
MDPI - Multidisciplinary Digital Publishing Institute |
| publishDate |
2021 |
| physical |
1 electronic resource (128 p.) |
| isbn |
3-03943-773-9 3-03943-774-7 |
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Not Illustrated |
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AT golmanrussell behavioralgametheory |
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n |
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(CKB)5400000000046128 (oapen)https://directory.doabooks.org/handle/20.500.12854/68278 (EXLCZ)995400000000046128 |
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Behavioral Game Theory |
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