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Behavioral Game Theory

Language EnglishEnglish
Book Hardback
Book Behavioral Game Theory Russell Golman
Libristo code: 33560223
Publishers MDPI AG, January 2021
How do interacting decision-makers make strategic choices? If they're rational and can somehow predi... Full description
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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.


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About the book

Full name Behavioral Game Theory
Author Russell Golman
Language English
Binding Book - Hardback
Date of issue 2021
Number of pages 128
EAN 9783039437733
ISBN 3039437739
Libristo code 33560223
Publishers MDPI AG
Weight 481
Dimensions 170 x 244 x 13

Categories

Economics, Finance, Business & Management > Business & Management
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