Behavioural Game Theory: Thinking, Learning and Teaching

Colin Camerer (), Teck Ho () and Juin-Kuan Chong

Chapter 8 in Advances in Understanding Strategic Behaviour, 2004, pp 120-180 from Palgrave Macmillan

Abstract: Abstract Game theory is a mathematical system for analysing and predicting how humans behave in strategic situations. Standard equilibrium analyses assume that all players: (1) form beliefs based on an analysis of what others might do (strategic thinking); (2) choose the best response given those beliefs (optimization); and (3) adjust best responses and beliefs until they are mutually consistent (equilibrium).

Keywords: Nash Equilibrium; Trust Game; Mixed Equilibrium; Fictitious Play; Quantal Response Equilibrium (search for similar items in EconPapers)
Date: 2004
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DOI: 10.1057/9780230523371_8

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