Golman, Russell <br/><br/>
Behavioral Game Theory 

 - Basel, Switzerland  MDPI - Multidisciplinary Digital Publishing Institute  2021 
 - 1 electronic resource (128 p.) 
<br/><br/> Open Access 
<br/><br/> 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. 
<br/><br/><br/>Creative Commons 
<br/><br/><br/>English 
<br/><br/><label>ISBN: </label>books978-3-03943-774-0 9783039437733 9783039437740 
<br/><br/><label>Standard No.: </label>10.3390/books978-3-03943-774-0  doi 
<br/><br/><label>Subjects--Topical Terms: </label><br/>Economics, finance, business & management
<br/><br/><label>Subjects--Index Terms: </label>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 n/a