TY - GEN AU - Golman,Russell AU - Golman,Russell TI - Behavioral Game Theory SN - books978-3-03943-774-0 PY - 2021/// CY - Basel, Switzerland PB - MDPI - Multidisciplinary Digital Publishing Institute KW - Economics, finance, business & management KW - bicssc KW - social preferences KW - third-party punishment KW - cognitive reflection ability KW - intuition KW - reflection KW - dictator game KW - ultimatum game KW - potential games KW - social welfare KW - risk dominance KW - payoff dominance KW - innovation diffusion KW - externalities KW - decomposition KW - strategic communication KW - two-stage games KW - pareto efficient equilibria KW - belief formation KW - learning KW - behavioral game theory KW - case-based decision theory KW - level-k reasoning KW - guessing game KW - cognitive load KW - endogenous depth of reasoning KW - strategic thinking KW - n/a N1 - Open Access N2 - 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 UR - https://mdpi.com/books/pdfview/book/3287 UR - https://directory.doabooks.org/handle/20.500.12854/68278 ER -