Behavioral Game Theory

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Behavioral Game Theory

Author : Colin F. Camerer
Publisher : Princeton University Press
ISBN 13 : 1400840880
Total Pages : 568 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis Behavioral Game Theory by : Colin F. Camerer

Download or read book Behavioral Game Theory written by Colin F. Camerer and published by Princeton University Press. This book was released on 2011-09-05 with total page 568 pages. Available in PDF, EPUB and Kindle. Book excerpt: Game theory, the formalized study of strategy, began in the 1940s by asking how emotionless geniuses should play games, but ignored until recently how average people with emotions and limited foresight actually play games. This book marks the first substantial and authoritative effort to close this gap. Colin Camerer, one of the field's leading figures, uses psychological principles and hundreds of experiments to develop mathematical theories of reciprocity, limited strategizing, and learning, which help predict what real people and companies do in strategic situations. Unifying a wealth of information from ongoing studies in strategic behavior, he takes the experimental science of behavioral economics a major step forward. He does so in lucid, friendly prose. Behavioral game theory has three ingredients that come clearly into focus in this book: mathematical theories of how moral obligation and vengeance affect the way people bargain and trust each other; a theory of how limits in the brain constrain the number of steps of "I think he thinks . . ." reasoning people naturally do; and a theory of how people learn from experience to make better strategic decisions. Strategic interactions that can be explained by behavioral game theory include bargaining, games of bluffing as in sports and poker, strikes, how conventions help coordinate a joint activity, price competition and patent races, and building up reputations for trustworthiness or ruthlessness in business or life. While there are many books on standard game theory that address the way ideally rational actors operate, Behavioral Game Theory stands alone in blending experimental evidence and psychology in a mathematical theory of normal strategic behavior. It is must reading for anyone who seeks a more complete understanding of strategic thinking, from professional economists to scholars and students of economics, management studies, psychology, political science, anthropology, and biology.

Behavioral Game Theory

Author : Russell Golman
Publisher : MDPI
ISBN 13 : 3039437739
Total Pages : 128 pages
Book Rating : 4.0/5 (394 download)

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Book Synopsis Behavioral Game Theory by : Russell Golman

Download or read book Behavioral Game Theory written by Russell Golman and published by MDPI. This book was released on 2021-01-07 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Game Theory and Behavior

Author : Jeffrey Carpenter
Publisher : MIT Press
ISBN 13 : 0262047292
Total Pages : 725 pages
Book Rating : 4.2/5 (62 download)

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Book Synopsis Game Theory and Behavior by : Jeffrey Carpenter

Download or read book Game Theory and Behavior written by Jeffrey Carpenter and published by MIT Press. This book was released on 2022-12-06 with total page 725 pages. Available in PDF, EPUB and Kindle. Book excerpt: An introduction to game theory that offers not only theoretical tools but also the intuition and behavioral insights to apply these tools to real-world situations. This introductory text on game theory provides students with both the theoretical tools to analyze situations through the logic of game theory and the intuition and behavioral insights to apply these tools to real-world situations. It is unique among game theory texts in offering a clear, formal introduction to standard game theory while incorporating evidence from experimental data and introducing recent behavioral models. Students will not only learn about incentives, how to represent situations as games, and what agents “should” do in these situations, but they will also be presented with evidence that either confirms the theoretical assumptions or suggests a way in which the theory might be updated. Features: Each chapter begins with a motivating example that can be run as an experiment and ends with a discussion of the behavior in the example. Parts I–IV cover the fundamental “nuts and bolts” of any introductory game theory course, including the theory of games, simple games with simultaneous decision making by players, sequential move games, and incomplete information in simultaneous and sequential move games. Parts V–VII apply the tools developed in previous sections to bargaining, cooperative game theory, market design, social dilemmas, and social choice and voting. Part VIII offers a more in-depth discussion of behavioral game theory models including evolutionary and psychological game theory. Supplemental material on the book’s website include solutions to end-of-chapter exercises, a manual for running each chapter’s experimental games using pencil and paper, and the oTree codes for running the games online.

Behavioral Game Theory

Author : Colin Camerer
Publisher :
ISBN 13 : 9788122431285
Total Pages : 550 pages
Book Rating : 4.4/5 (312 download)

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Book Synopsis Behavioral Game Theory by : Colin Camerer

Download or read book Behavioral Game Theory written by Colin Camerer and published by . This book was released on with total page 550 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Behavioral Game Theory

Author : Russell Golman
Publisher :
ISBN 13 : 9783039437740
Total Pages : 128 pages
Book Rating : 4.4/5 (377 download)

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Book Synopsis Behavioral Game Theory by : Russell Golman

Download or read book Behavioral Game Theory written by Russell Golman and published by . This book was released on 2021 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Game Theory and Related Approaches to Social Behavior

Author : Martin Shubik
Publisher :
ISBN 13 :
Total Pages : 416 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Game Theory and Related Approaches to Social Behavior by : Martin Shubik

Download or read book Game Theory and Related Approaches to Social Behavior written by Martin Shubik and published by . This book was released on 1975 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Foundations of Behavioral Economic Analysis

Author : Sanjit Dhami
Publisher :
ISBN 13 : 0198847254
Total Pages : 459 pages
Book Rating : 4.1/5 (988 download)

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Book Synopsis The Foundations of Behavioral Economic Analysis by : Sanjit Dhami

Download or read book The Foundations of Behavioral Economic Analysis written by Sanjit Dhami and published by . This book was released on 2019-06-27 with total page 459 pages. Available in PDF, EPUB and Kindle. Book excerpt: This fourth volume of The Foundations of Behavioral Economic Analysis covers behavioral game theory. It is an essential guide for advanced undergraduate and postgraduate students seeking a concise and focused text on this important subject, and examines the evidence on classical game theory and several models of behavioral game theory, including level-k and cognitive hierarchy models, quantal response equilibrium, and psychological gametheory.This updated extract from Dhami's leading textbook allows the reader to pursue subsections of this vast and rapidly growing field and to tailor their reading to their specific interests inbehavioural economics.

Hidden Games

Author : Erez Yoeli
Publisher : Basic Books
ISBN 13 : 1541619463
Total Pages : 326 pages
Book Rating : 4.5/5 (416 download)

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Book Synopsis Hidden Games by : Erez Yoeli

Download or read book Hidden Games written by Erez Yoeli and published by Basic Books. This book was released on 2022-04-05 with total page 326 pages. Available in PDF, EPUB and Kindle. Book excerpt: Two MIT economists show how game theory—the ultimate theory of rationality—explains irrational behavior We like to think of ourselves as rational. This idea is the foundation for classical economic analysis of human behavior, including the awesome achievements of game theory. But as behavioral economics shows, most behavior doesn’t seem rational at all—which, unfortunately, to cast doubt on game theory’s real-world credibility. In Hidden Games, Moshe Hoffman and Erez Yoeli find a surprising middle ground between the hyperrationality of classical economics and the hyper-irrationality of behavioral economics. They call it hidden games. Reviving game theory, Hoffman and Yoeli use it to explain our most puzzling behavior, from the mechanics of Stockholm syndrome and internalized misogyny to why we help strangers and have a sense of fairness. Fun and powerfully insightful, Hidden Games is an eye-opening argument for using game theory to explain all the irrational things we think, feel, and do.

Behavioral Game Theory

Author : Gerardus Blokdyk
Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781983822988
Total Pages : 132 pages
Book Rating : 4.8/5 (229 download)

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Book Synopsis Behavioral Game Theory by : Gerardus Blokdyk

Download or read book Behavioral Game Theory written by Gerardus Blokdyk and published by Createspace Independent Publishing Platform. This book was released on 2018-01-13 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: What key business process output measure(s) does Behavioral game theory leverage and how? How likely is the current Behavioral game theory plan to come in on schedule or on budget? In the case of a Behavioral game theory project, the criteria for the audit derive from implementation objectives. an audit of a Behavioral game theory project involves assessing whether the recommendations outlined for implementation have been met. in other words, can we track that any Behavioral game theory project is implemented as planned, and is it working? Is there a recommended audit plan for routine surveillance inspections of Behavioral game theory's gains? Have all basic functions of Behavioral game theory been defined? This best-selling Behavioral game theory self-assessment will make you the assured Behavioral game theory domain visionary by revealing just what you need to know to be fluent and ready for any Behavioral game theory challenge. How do I reduce the effort in the Behavioral game theory work to be done to get problems solved? How can I ensure that plans of action include every Behavioral game theory task and that every Behavioral game theory outcome is in place? How will I save time investigating strategic and tactical options and ensuring Behavioral game theory opportunity costs are low? How can I deliver tailored Behavioral game theory advise instantly with structured going-forward plans? There's no better guide through these mind-expanding questions than acclaimed best-selling author Gerard Blokdyk. Blokdyk ensures all Behavioral game theory essentials are covered, from every angle: the Behavioral game theory self-assessment shows succinctly and clearly that what needs to be clarified to organize the business/project activities and processes so that Behavioral game theory outcomes are achieved. Contains extensive criteria grounded in past and current successful projects and activities by experienced Behavioral game theory practitioners. Their mastery, combined with the uncommon elegance of the self-assessment, provides its superior value to you in knowing how to ensure the outcome of any efforts in Behavioral game theory are maximized with professional results. Your purchase includes access details to the Behavioral game theory self-assessment dashboard download which gives you your dynamically prioritized projects-ready tool and shows your organization exactly what to do next. Your exclusive instant access details can be found in your book.

Behavioral Game Theory The Ultimate Step-By-Step Guide

Author : Gerardus Blokdyk
Publisher :
ISBN 13 : 9780655127444
Total Pages : 0 pages
Book Rating : 4.1/5 (274 download)

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Book Synopsis Behavioral Game Theory The Ultimate Step-By-Step Guide by : Gerardus Blokdyk

Download or read book Behavioral Game Theory The Ultimate Step-By-Step Guide written by Gerardus Blokdyk and published by . This book was released on 2018 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Behavioral game theory The Ultimate Step-By-Step Guide.

Handbook of Experimental Game Theory

Author : C. M. Capra
Publisher : Edward Elgar Publishing
ISBN 13 : 1785363336
Total Pages : 448 pages
Book Rating : 4.7/5 (853 download)

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Book Synopsis Handbook of Experimental Game Theory by : C. M. Capra

Download or read book Handbook of Experimental Game Theory written by C. M. Capra and published by Edward Elgar Publishing. This book was released on 2020-10-30 with total page 448 pages. Available in PDF, EPUB and Kindle. Book excerpt: The aim of this Handbook is twofold: to educate and to inspire. It is meant for researchers and graduate students who are interested in taking a data-based and behavioral approach to the study of game theory. Educators and students of economics will find the Handbook useful as a companion book to conventional upper-level game theory textbooks, enabling them to compare and contrast actual behavior with theoretical predictions. Researchers and non-specialists will find valuable examples of laboratory and field experiments that test game theoretic propositions and suggest new ways of modeling strategic behavior. Chapters are organized into several sections; each section concludes with an inspirational chapter, offering suggestions on new directions and cutting-edge topics of research in experimental game theory.

Games, Rationality and Behaviour

Author : Alessandro Innocenti
Publisher : Palgrave MacMillan
ISBN 13 :
Total Pages : 328 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Games, Rationality and Behaviour by : Alessandro Innocenti

Download or read book Games, Rationality and Behaviour written by Alessandro Innocenti and published by Palgrave MacMillan. This book was released on 2008-01-15 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: Behavioural game theory is the most important recent development of standard game theory, and its applications regard several fields of research, ranging from economic theory to sociology and political science. Behavioural game theory aims to provide a behavioural and psychological approach to game theory modelling, in order to identify more robust equilibrium outcomes and more realistic behavioural assumptions. This book explores the key topics in detail, covering issues such as players' heterogeneity, social preferences, reciprocity, learning and information, and punishment in public good games. It provides a state-of-the-art analysis of the progress and methodology of behavioural game theory, as well as exploring the interdisciplinary aspects of the subject, and is an extremely valuable resource for academics and scholars with an interest in the area. Book jacket.

Game Theory in the Behavioral Sciences

Author : Ira R. Buchler
Publisher : University of Pittsburgh Pre
ISBN 13 : 0822975750
Total Pages : 285 pages
Book Rating : 4.8/5 (229 download)

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Book Synopsis Game Theory in the Behavioral Sciences by : Ira R. Buchler

Download or read book Game Theory in the Behavioral Sciences written by Ira R. Buchler and published by University of Pittsburgh Pre. This book was released on 1969-01-15 with total page 285 pages. Available in PDF, EPUB and Kindle. Book excerpt: This collection of essays was the first major attempt to apply game theory, linear programming, and graph theory to anthropological data. Contributors: John Atkins; Ira B. Buchler; Albert M. Chammah; Luke Curtis; Walter Goldschmidt; Hans Hoffman; Robert Kozelka; Bernhardt Lieberman; Frank B. Livingstone; R. Michael McKinlay; Anatol Rapoport; Richard F. Salisbury; T. C. Schelling; M. Shubik; and Martin Southwold.

Games and Human Behavior

Author : David V. Budescu
Publisher : Psychology Press
ISBN 13 : 1317778464
Total Pages : 448 pages
Book Rating : 4.3/5 (177 download)

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Book Synopsis Games and Human Behavior by : David V. Budescu

Download or read book Games and Human Behavior written by David V. Budescu and published by Psychology Press. This book was released on 2019-06-13 with total page 448 pages. Available in PDF, EPUB and Kindle. Book excerpt: Human behavior often violates the predictions of rational choice theory. This realization has caused many social psychologists and experimental economists to attempt to develop an experimentally-based variant of game theory as an alternative descriptive model. The impetus for this book is the interest in the development of such a theory that combines elements from both disciplines and appeals to both. The editors have brought together leading researchers in the fields of experimental economics, behavioral game theory, and social dilemmas to engage in constructive dialogue across disciplinary boundaries. This book offers a comprehensive overview of the new insights into the motivation of human behavior under a variety of naturally or artificially induced incentive structures that are emerging from their work. Amnon Rapoport--a pioneer and leader in experimental study and quantitative modeling of human decisions in social and interactive contexts--is honored.

Institutional and Organizational Economics

Author : Tore Ellingsen
Publisher : John Wiley & Sons
ISBN 13 : 1509559019
Total Pages : 156 pages
Book Rating : 4.5/5 (95 download)

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Book Synopsis Institutional and Organizational Economics by : Tore Ellingsen

Download or read book Institutional and Organizational Economics written by Tore Ellingsen and published by John Wiley & Sons. This book was released on 2023-09-20 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why do some countries succeed while others struggle? Why are some firms profitable while rivals fail? Why do some marriages thrive and others end in divorce? These questions seem unrelated, but societies, companies, and marriages have one important thing in common: they involve more than one individual. They thus face the same fundamental challenges. How can people be made to help rather than hurt each other? How can they use sacrifice, cooperation, and coercion to promote the common good? In this introductory text, Tore Ellingsen equips readers to answer essential questions around the success and failure of humans in groups, drawing on behavioral game theory, psychology, and sociology. He emphasizes how other-regarding preferences such as altruism and dutifulness matter for societies’ prosperity, and analyzes the role of culture in the form of shared values and understandings. One lesson is that cooperation is facilitated when people anticipate that they will hold common memories of past behavior, especially if agreements take precedence over leaders’ authority. A groundbreaking text, Institutional and Organizational Economics is essential reading for students and scholars of economics, political science, sociology, and public administration.

The Bounds of Reason

Author : Herbert Gintis
Publisher : Princeton University Press
ISBN 13 : 1400851343
Total Pages : 284 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis The Bounds of Reason by : Herbert Gintis

Download or read book The Bounds of Reason written by Herbert Gintis and published by Princeton University Press. This book was released on 2014-03-30 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: Game theory is central to understanding human behavior and relevant to all of the behavioral sciences—from biology and economics, to anthropology and political science. However, as The Bounds of Reason demonstrates, game theory alone cannot fully explain human behavior and should instead complement other key concepts championed by the behavioral disciplines. Herbert Gintis shows that just as game theory without broader social theory is merely technical bravado, so social theory without game theory is a handicapped enterprise. This edition has been thoroughly revised and updated. Reinvigorating game theory, The Bounds of Reason offers innovative thinking for the behavioral sciences.

Economic Behavior, Game Theory, and Technology in Emerging Markets

Author : Christiansen, Bryan
Publisher : IGI Global
ISBN 13 : 1466647469
Total Pages : 462 pages
Book Rating : 4.4/5 (666 download)

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Book Synopsis Economic Behavior, Game Theory, and Technology in Emerging Markets by : Christiansen, Bryan

Download or read book Economic Behavior, Game Theory, and Technology in Emerging Markets written by Christiansen, Bryan and published by IGI Global. This book was released on 2013-11-30 with total page 462 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This book explores game theory and its deep impact in developmental economics, specifically the manner in which it provides a way of formalizing institutions"--Provided by publisher.