Games, Rationality and Behaviour

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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.

Rational Behavior and Bargaining Equilibrium in Games and Social Situations

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Publisher : CUP Archive
ISBN 13 : 9780521311830
Total Pages : 340 pages
Book Rating : 4.3/5 (118 download)

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Book Synopsis Rational Behavior and Bargaining Equilibrium in Games and Social Situations by : John C. Harsanyi

Download or read book Rational Behavior and Bargaining Equilibrium in Games and Social Situations written by John C. Harsanyi and published by CUP Archive. This book was released on 1986 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a paperback edition of a major contribution to the field, first published in hard covers in 1977. The book outlines a general theory of rational behaviour consisting of individual decision theory, ethics, and game theory as its main branches. Decision theory deals with a rational pursuit of individual utility; ethics with a rational pursuit of the common interests of society; and game theory with an interaction of two or more rational individuals, each pursuing his own interests in a rational manner.

Behavioral Game Theory

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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.

Advances in Understanding Strategic Behaviour

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Publisher : Springer
ISBN 13 : 0230523374
Total Pages : 341 pages
Book Rating : 4.2/5 (35 download)

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Book Synopsis Advances in Understanding Strategic Behaviour by : S. Huck

Download or read book Advances in Understanding Strategic Behaviour written by S. Huck and published by Springer. This book was released on 2004-10-29 with total page 341 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume contains sixteen original articles documenting recent progress in understanding strategic behaviour. In their variety they reflect an entire spectrum of coexisting approaches: from orthodox game theory via behavioural game theory, bounded rationality and economic psychology to experimental economics. There are plenty of new models and insights but the book also illustrates the boundaries of what we know today and explains the frontiers of tomorrow. The articles were written in honour of Werner Güth.

Hidden Games

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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.

Rational Behaviour and Bargaining Equilibrium in Games and Social Situations

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Publisher : Cambridge University Press
ISBN 13 : 9780521208864
Total Pages : 352 pages
Book Rating : 4.2/5 (88 download)

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Book Synopsis Rational Behaviour and Bargaining Equilibrium in Games and Social Situations by : John C. Harsanyi

Download or read book Rational Behaviour and Bargaining Equilibrium in Games and Social Situations written by John C. Harsanyi and published by Cambridge University Press. This book was released on 1977-10-01 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a paperback edition of a major contribution to the field, first published in hard covers in 1977. The book outlines a general theory of rational behaviour consisting of individual decision theory, ethics, and game theory as its main branches. Decision theory deals with a rational pursuit of individual utility; ethics with a rational pursuit of the common interests of society; and game theory with an interaction of two or more rational individuals, each pursuing his own interests in a rational manner.

Evolution, Games, and Economic Behaviour

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Publisher : Oxford University Press
ISBN 13 : 0198774737
Total Pages : 222 pages
Book Rating : 4.1/5 (987 download)

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Book Synopsis Evolution, Games, and Economic Behaviour by : Fernando Vega-Redondo

Download or read book Evolution, Games, and Economic Behaviour written by Fernando Vega-Redondo and published by Oxford University Press. This book was released on 1996-09-26 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: This textbook for advanced undergraduate and postgraduate students of Evolutionary Game Theory covers recent developments in the field, with an emphasis on economic contexts and applications. It begins with the basic ideas as they originated within the field of theoretical biology and then proceeds to the formulation of a theoretical framework that is suitable for the study of social and economic phenomena from an evolutionary perspective. Core topics include the EvolutionaryStable Strategy (EES) and Replicator Dynamics (RD), deterministic dynamic models, and stochastic perturbations. A set of short appendices presents some of the technical material referred to in the main text.Evolutionary theory is widely viewed as one of the most promising appraoches to understanding bounded rationality, learning, and change in complex social environments. New avenues of research are suggested by Vega-Redondo, and plentiful exmples illustrate the theory's potential applications. The recent boom experienced by this dscipline makes the book's systematic presentation of its essential contributions vital reading for newcomer to the field.

The Bounds of Reason

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Publisher : Princeton University Press
ISBN 13 : 0691160848
Total Pages : 283 pages
Book Rating : 4.6/5 (911 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 2014-04-20 with total page 283 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.

Rational Behaviour and Bargaining Equilibrium in Games and Social Situations

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Publisher : Cambridge University Press
ISBN 13 : 9780521311830
Total Pages : 0 pages
Book Rating : 4.3/5 (118 download)

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Book Synopsis Rational Behaviour and Bargaining Equilibrium in Games and Social Situations by : John C. Harsanyi

Download or read book Rational Behaviour and Bargaining Equilibrium in Games and Social Situations written by John C. Harsanyi and published by Cambridge University Press. This book was released on 1986-06-27 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a paperback edition of a major contribution to the field, first published in hard covers in 1977. The book outlines a general theory of rational behaviour consisting of individual decision theory, ethics, and game theory as its main branches. Decision theory deals with a rational pursuit of individual utility; ethics with a rational pursuit of the common interests of society; and game theory with an interaction of two or more rational individuals, each pursuing his own interests in a rational manner.

The Oxford Handbook of Rationality

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Publisher : Oxford University Press
ISBN 13 : 9780198033240
Total Pages : 498 pages
Book Rating : 4.0/5 (332 download)

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Book Synopsis The Oxford Handbook of Rationality by : Alfred R. Mele

Download or read book The Oxford Handbook of Rationality written by Alfred R. Mele and published by Oxford University Press. This book was released on 2004-01-08 with total page 498 pages. Available in PDF, EPUB and Kindle. Book excerpt: Rationality has long been a central topic in philosophy, crossing standard divisions and categories. It continues to attract much attention in published research and teaching by philosophers as well as scholars in other disciplines, including economics, psychology, and law. The Oxford Handbook of Rationality is an indispensable reference to the current state of play in this vital and interdisciplinary area of study. Twenty-two newly commissioned chapters by a roster of distinguished philosophers provide an overview of the prominent views on rationality, with each author also developing a unique and distinctive argument.

Ethics, Rationality, and Economic Behaviour

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Publisher : Oxford University Press
ISBN 13 : 9780198289814
Total Pages : 370 pages
Book Rating : 4.2/5 (898 download)

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Book Synopsis Ethics, Rationality, and Economic Behaviour by : Francesco Farina

Download or read book Ethics, Rationality, and Economic Behaviour written by Francesco Farina and published by Oxford University Press. This book was released on 1996 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt: The connection between economics and ethics is as old as economics itself, and central to both disciplines. The essays included in the present volume provide an analysis of the connections between ethics and economics as viewed from several different - oft

Game Theory, Experience, Rationality

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Publisher : Springer Science & Business Media
ISBN 13 : 9401716544
Total Pages : 476 pages
Book Rating : 4.4/5 (17 download)

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Book Synopsis Game Theory, Experience, Rationality by : W. Leinfellner

Download or read book Game Theory, Experience, Rationality written by W. Leinfellner and published by Springer Science & Business Media. This book was released on 2013-06-29 with total page 476 pages. Available in PDF, EPUB and Kindle. Book excerpt: When von Neumann's and Morgenstern's Theory of Games and Economic Behavior appeared in 1944, one thought that a complete theory of strategic social behavior had appeared out of nowhere. However, game theory has, to this very day, remained a fast-growing assemblage of models which have gradually been united in a new social theory - a theory that is far from being completed even after recent advances in game theory, as evidenced by the work of the three Nobel Prize winners, John F. Nash, John C. Harsanyi, and Reinhard Selten. Two of them, Harsanyi and Selten, have contributed important articles to the present volume. This book leaves no doubt that the game-theoretical models are on the right track to becoming a respectable new theory, just like the great theories of the twentieth century originated from formerly separate models which merged in the course of decades. For social scientists, the age of great discover ies is not over. The recent advances of today's game theory surpass by far the results of traditional game theory. For example, modem game theory has a new empirical and social foundation, namely, societal experiences; this has changed its methods, its "rationality. " Morgenstern (I worked together with him for four years) dreamed of an encompassing theory of social behavior. With the inclusion of the concept of evolution in mathematical form, this dream will become true. Perhaps the new foundation will even lead to a new name, "conflict theory" instead of "game theory.

Evolution and Rationality

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Publisher : Cambridge University Press
ISBN 13 : 1139510517
Total Pages : 293 pages
Book Rating : 4.1/5 (395 download)

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Book Synopsis Evolution and Rationality by : Samir Okasha

Download or read book Evolution and Rationality written by Samir Okasha and published by Cambridge University Press. This book was released on 2012-06-21 with total page 293 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume explores from multiple perspectives the subtle and interesting relationship between the theory of rational choice and Darwinian evolution. In rational choice theory, agents are assumed to make choices that maximize their utility; in evolution, natural selection 'chooses' between phenotypes according to the criterion of fitness maximization. So there is a parallel between utility in rational choice theory and fitness in Darwinian theory. This conceptual link between fitness and utility is mirrored by the interesting parallels between formal models of evolution and rational choice. The essays in this volume, by leading philosophers, economists, biologists and psychologists, explore the connection between evolution and rational choice in a number of different contexts, including choice under uncertainty, strategic decision making and pro-social behaviour. They will be of interest to students and researchers in philosophy of science, evolutionary biology, economics and psychology.

Behavioural and Experimental Economics

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Publisher : Springer
ISBN 13 : 0230280781
Total Pages : 267 pages
Book Rating : 4.2/5 (32 download)

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Book Synopsis Behavioural and Experimental Economics by : Steven Durlauf

Download or read book Behavioural and Experimental Economics written by Steven Durlauf and published by Springer. This book was released on 2016-04-30 with total page 267 pages. Available in PDF, EPUB and Kindle. Book excerpt: Specially selected from The New Palgrave Dictionary of Economics 2nd edition, each article within this compendium covers the fundamental themes within the discipline and is written by a leading practitioner in the field. A handy reference tool.

Predictably Rational?

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Publisher : Springer Science & Business Media
ISBN 13 : 3642015867
Total Pages : 319 pages
Book Rating : 4.6/5 (42 download)

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Book Synopsis Predictably Rational? by : Richard B. McKenzie

Download or read book Predictably Rational? written by Richard B. McKenzie and published by Springer Science & Business Media. This book was released on 2009-10-21 with total page 319 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mainstream economists everywhere exhibit an "irrational passion for dispassionate rationality." Behavioral economists, and long-time critic of mainstream economics suggests that people in mainstrean economic models "can think like Albert Einstein, store as much memory as IBM’s Big Blue, and exercise the will power of Mahatma Gandhi," suggesting that such a view of real world modern homo sapiens is simply wrongheaded. Indeed, Thaler and other behavioral economists and psychology have documented a variety of ways in which real-world people fall far short of mainstream economists' idealized economic actor, perfectly rational homo economicus. Behavioral economist Daniel Ariely has concluded that real-world people not only exhibit an array of decision-making frailties and biases, they are "predictably irrational," a position now shared by so many behavioral economists, psychologists, sociologists, and evolutionary biologists that a defense of the core rationality premise of modedrn economics is demanded.

Game Theory and Behavior

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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.

Rationality in Extensive Form Games

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Publisher : Springer Science & Business Media
ISBN 13 : 1475733917
Total Pages : 245 pages
Book Rating : 4.4/5 (757 download)

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Book Synopsis Rationality in Extensive Form Games by : Andrés Perea

Download or read book Rationality in Extensive Form Games written by Andrés Perea and published by Springer Science & Business Media. This book was released on 2013-04-18 with total page 245 pages. Available in PDF, EPUB and Kindle. Book excerpt: I would like to use this preface to thank some persons and institutions which have been important during the various stages of writing this book. First of all, I am grateful to Kluwer Academic Publishers for giving me the opportunity to write this book. I started writing the book in 1998 while I was working at the Departament d'Economia i d'Historia Economica at Universidad Autonoma de Barcelona, and continued the writing job from september 1998 to september 2000 at the Departamento de Economfa at Universidad Carlos III de Madrid. The book has been completed while I was visiting the Department of Quantitative Economics at the University of Maastricht from october 2000 to august 2001. I wish to thank these three departments for their hospitality. The book has improved substantially by comments and critique from the following persons who have read parts of the manuscript: Geir Asheim, Eric van Damme, Janos Flesch, Mari-Angeles de Frutos, Diego Moreno, Hans Peters, Antonio Romero and Dries Vermeulen. I should also mention my discussions with Peter Wakker about the decision-theoretic foundations of noncooperative game theory, which have had an important impact on various parts of the book. Finally, I wish to express my warmest gratitude to my parents, my brother and my sister, and, last but not least, to Cati, to whom I dedicate this book.