Behavioral Game Theory

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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.

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Informasi Detail

Penerbit

Basel : MDPI-Multidisciplinary Digital Publishing Institute., 2021

Bahasa

English

ISBN/ISSN

978-3-03943-774-0

Klasifikasi

NONE

Edisi

-

Subjek

learning
social preferences
intuition
potential games
externalities
strategic communication
behavioral game theory
guessing game

File Digital

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