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Behavioral Game Theory: Experiments in Strategic Interaction by Colin F. Camerer

Behavioral Game Theory: Experiments in Strategic Interaction Colin F. Camerer ebook
Publisher: Princeton University Press
Page: 248
Format: pdf
ISBN: 0691090394, 9780691090399

Behavioral Game Theory: Experiments in Strategic Interaction. Behavioral Game Theory: Experiments on Strategic Interaction. Princeton: Princeton University Press. The book opens up the They have also captured the nature and the rules of individual decision-making in strategic contexts, providing answers and predictions on what is to be expected when individuals interact in economic and political games. Classical game theory makes predictions on how rational agents would behave strategically, with implications in such scenarios as advertising, business interactions, and the job market. There is an ongoing debate regarding the importance of these experiments. The book under review is only in passing about the Kahneman-Tversky influence on decision theory. Game theory attempts to mathematically capture behavior in strategic situations, where an individual's success in making choices depends on the choices of others. Note that all of this is just the use of game theory in “games against nature”. Behavioral Game Theory: Experiments in Strategic Interaction (Roundtable Series in Behavioral Economics) book download. This book covers a wide spectrum of issues in behavioural game theory (BGT), ranging from players' heterogeneity, social preferences and reciprocity, to learning, information and punishment in public good games. While initially developed to analyze competitions where one individual does better at another's expense (zero sum games), it has been expanded to treat a wide class of interactions, which are classified according to several .. Annual Review of Sociology 23, 263-288.