Game Theory And Behavior

Author : Jeffrey Carpenter,Andrea Robbett
Publisher : MIT Press
Page : 725 pages
File Size : 46,7 Mb
Release : 2022-12-06
Category : Mathematics
ISBN : 9780262047296

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Game Theory and Behavior by Jeffrey Carpenter,Andrea Robbett Pdf

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.

Author : Colin F. Camerer
Publisher : Princeton University Press
Page : 568 pages
File Size : 46,6 Mb
Release : 2011-09-05
Category : Business & Economics
ISBN : 9781400840885

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Behavioral Game Theory by Colin F. Camerer Pdf

Game theory, the formalized study of strategy, began in the 1940s by asking how emotionless geniuses should play games, but ignored until recently how average people with emotions and limited foresight actually play games. This book marks the first substantial and authoritative effort to close this gap. Colin Camerer, one of the field's leading figures, uses psychological principles and hundreds of experiments to develop mathematical theories of reciprocity, limited strategizing, and learning, which help predict what real people and companies do in strategic situations. Unifying a wealth of information from ongoing studies in strategic behavior, he takes the experimental science of behavioral economics a major step forward. He does so in lucid, friendly prose. Behavioral game theory has three ingredients that come clearly into focus in this book: mathematical theories of how moral obligation and vengeance affect the way people bargain and trust each other; a theory of how limits in the brain constrain the number of steps of "I think he thinks . . ." reasoning people naturally do; and a theory of how people learn from experience to make better strategic decisions. Strategic interactions that can be explained by behavioral game theory include bargaining, games of bluffing as in sports and poker, strikes, how conventions help coordinate a joint activity, price competition and patent races, and building up reputations for trustworthiness or ruthlessness in business or life. While there are many books on standard game theory that address the way ideally rational actors operate, Behavioral Game Theory stands alone in blending experimental evidence and psychology in a mathematical theory of normal strategic behavior. It is must reading for anyone who seeks a more complete understanding of strategic thinking, from professional economists to scholars and students of economics, management studies, psychology, political science, anthropology, and biology.

Author : Russell Golman
Publisher : MDPI
Page : 128 pages
File Size : 47,7 Mb
Release : 2021-01-07
Category : Business & Economics
ISBN : 9783039437733

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Behavioral Game Theory by Russell Golman Pdf

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.

Author : Lee Alan Dugatkin,Hudson Kern Reeve
Publisher : Oxford University Press
Page : 335 pages
File Size : 52,9 Mb
Release : 2000-03-23
Category : Nature
ISBN : 9780195350203

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Game Theory and Animal Behavior by Lee Alan Dugatkin,Hudson Kern Reeve Pdf

Game theory has revolutionized the study of animal behavior. The fundamental principle of evolutionary game theory--that the strategy adopted by one individual depends on the strategies exhibited by others--has proven a powerful tool in uncovering the forces shaping otherwise mysterious behaviors. In this volume, the first since 1982 devoted to evolutionary game theory, leading researchers describe applications of the theory to diverse types of behavior, providing an overview of recent discoveries and a synthesis of current research. The volume begins with a clear introduction to game theory and its explanatory scope. This is followed by a series of chapters on the use of game theory to understand a range of behaviors: social foraging, cooperation, animal contests, communication, reproductive skew and nepotism within groups, sibling rivalry, alternative life-histories, habitat selection, trophic-level interactions, learning, and human social behavior. In addition, the volume includes a discussion of the relations among game theory, optimality, and quantitative genetics, and an assessment of the overall utility of game theory to the study of social behavior. Presented in a manner accessible to anyone interested in animal behavior but not necessarily trained in the mathematics of game theory, the book is intended for a wide audience of undergraduates, graduate students, and professional biologists pursuing the evolutionary analysis of animal behavior.

Author : Ilhan K. Geckil,Patrick L. Anderson
Publisher : CRC Press
Page : 230 pages
File Size : 43,8 Mb
Release : 2016-04-19
Category : Mathematics
ISBN : 158488844X

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Applied Game Theory and Strategic Behavior by Ilhan K. Geckil,Patrick L. Anderson Pdf

Useful Tools to Help Solve Decision Making Problems Applied Game Theory and Strategic Behavior demonstrates the use of various game theory techniques to address practical business, economic, legal, and public policy issues. It also illustrates the benefits of employing strategic thinking that incorporates the uncertainty surrounding the behavior of other parties. Real-world applications of game theory Exploring a variety of games, the book outlines the process of modeling game theory questions while thinking strategically. It introduces core concepts through simple examples and case studies taken from the authors’ consulting work in the automotive, beer, wine, and spirits industries as well as in debates over government regulation. The authors include newly developed software applications that can construct and solve game theory models and present strategic options in clear, visual diagrams. Out of the box and into the business world Striking the right balance between necessary mathematics and practical applications, this book shows how game theory can be used in real life, not just in mathematical models. It helps readers improve their strategic thinking, define games based on actual situations, model games with payoffs and probabilities, and make strategically sound decisions.

Author : Herbert Gintis
Publisher : Princeton University Press
Page : 283 pages
File Size : 50,7 Mb
Release : 2014-04-20
Category : Business & Economics
ISBN : 9780691160849

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The Bounds of Reason by Herbert Gintis Pdf

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.

Author : George J Mailath
Publisher : World Scientific
Page : 364 pages
File Size : 44,7 Mb
Release : 2018-12-18
Category : Business & Economics
ISBN : 9789813239951

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Modeling Strategic Behavior: A Graduate Introduction To Game Theory And Mechanism Design by George J Mailath Pdf

It is impossible to understand modern economics without knowledge of the basic tools of gametheory and mechanism design. This book provides a graduate-level introduction to the economic modeling of strategic behavior. The goal is to teach Economics doctoral students the tools of game theory and mechanism design that all economists should know.

Author : Martin Shubik
Publisher : Unknown
Page : 416 pages
File Size : 47,8 Mb
Release : 1975
Category : Mathematics
ISBN : STANFORD:36105001913750

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Game Theory and Related Approaches to Social Behavior by Martin Shubik Pdf

Author : John Neumann,Oskar Morgenstern
Publisher : Createspace Independent Publishing Platform
Page : 664 pages
File Size : 43,9 Mb
Release : 2018-03-23
Category : Electronic
ISBN : 1983879371

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Theory of Games and Economic Behavior by John Neumann,Oskar Morgenstern Pdf

This book contains an exposition and various applications of a mathematical theory of games.

Author : Herbert Gintis
Publisher : Princeton University Press
Page : 408 pages
File Size : 53,7 Mb
Release : 2009-01-26
Category : Business & Economics
ISBN : 9781400830077

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Game Theory Evolving by Herbert Gintis Pdf

Since its original publication in 2000, Game Theory Evolving has been considered the best textbook on evolutionary game theory. This completely revised and updated second edition of Game Theory Evolving contains new material and shows students how to apply game theory to model human behavior in ways that reflect the special nature of sociality and individuality. The textbook continues its in-depth look at cooperation in teams, agent-based simulations, experimental economics, the evolution and diffusion of preferences, and the connection between biology and economics. Recognizing that students learn by doing, the textbook introduces principles through practice. Herbert Gintis exposes students to the techniques and applications of game theory through a wealth of sophisticated and surprisingly fun-to-solve problems involving human and animal behavior. The second edition includes solutions to the problems presented and information related to agent-based modeling. In addition, the textbook incorporates instruction in using mathematical software to solve complex problems. Game Theory Evolving is perfect for graduate and upper-level undergraduate economics students, and is a terrific introduction for ambitious do-it-yourselfers throughout the behavioral sciences. Revised and updated edition relevant for courses across disciplines Perfect for graduate and upper-level undergraduate economics courses Solutions to problems presented throughout Incorporates instruction in using computational software for complex problem solving Includes in-depth discussions of agent-based modeling

Author : Michael Suk-Young Chwe
Publisher : Princeton University Press
Page : 290 pages
File Size : 52,6 Mb
Release : 2014-03-23
Category : Political Science
ISBN : 9780691162447

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Jane Austen, Game Theorist by Michael Suk-Young Chwe Pdf

How the works of Jane Austen show that game theory is present in all human behavior Game theory—the study of how people make choices while interacting with others—is one of the most popular technical approaches in social science today. But as Michael Chwe reveals in his insightful new book, Jane Austen explored game theory's core ideas in her six novels roughly two hundred years ago—over a century before its mathematical development during the Cold War. Jane Austen, Game Theorist shows how this beloved writer theorized choice and preferences, prized strategic thinking, and analyzed why superiors are often strategically clueless about inferiors. Exploring a diverse range of literature and folktales, this book illustrates the wide relevance of game theory and how, fundamentally, we are all strategic thinkers.

Author : Edward C. Rosenthal Ph.D.
Publisher : Penguin
Page : 419 pages
File Size : 52,6 Mb
Release : 2011-03-01
Category : Mathematics
ISBN : 9781101478844

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The Complete Idiot's Guide to Game Theory by Edward C. Rosenthal Ph.D. Pdf

Gain some insight into the game of life... Game Theory means rigorous strategic thinking. It is based on the idea that everyone acts competitively and in his own best interest. With the help of mathematical models, it is possible to anticipate the actions of others in nearly all life's enterprises. This book includes down-to-earth examples and solutions, as well as charts and illustrations designed to help teach the concept. In The Complete Idiot's Guide® to Game Theory, Dr. Edward C. Rosenthal makes it easy to understand game theory with insights into: • The history of the discipline made popular by John Nash, the mathematician dramatized in the film A Beautiful Mind • The role of social behavior and psychology in this amazing discipline • How important game theory has become in our society and why

Author : Marilda Sotomayor,David Pérez-Castrillo,Filippo Castiglione
Publisher : Springer
Page : 939 pages
File Size : 42,6 Mb
Release : 2020-08-22
Category : Mathematics
ISBN : 1071603698

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Complex Social and Behavioral Systems by Marilda Sotomayor,David Pérez-Castrillo,Filippo Castiglione Pdf

This volume in the Encyclopedia of Complexity and Systems Science, Second Edition, combines the main features of Game Theory, covering most of the fundamental theoretical aspects under the cooperative and non-cooperative approaches, with the procedures of Agent-Based Modeling for studying complex systems composed of a large number of interacting entities with many degrees of freedom. In Game Theory, the cooperative approach focuses on the possible outcomes of the decision-makers’ interaction by abstracting from the "rational" actions or decisions that may lead to these outcomes. The non-cooperative approach focuses on the actions that the decision-makers can take. As John von Neumann and Oskar Morgenstern argued in their path-breaking book of 1944 entitled Theory of Games and Economic Behavior, most economic questions should be analyzed as games. The models of game theory are abstract representations of a number of real-life situations and have applications to economics, political science, computer science, evolutionary biology, social psychology, and law among others. Agent-Based Modeling (ABM) is a relatively new computational modeling paradigm which aims to construct the computational counterpart of a conceptual model of the system under study on the basis of discrete entities (i.e., the agent) with some properties and behavioral rules, and then to simulate them in a computer to mimic the real phenomena. Given the relative immaturity of this modeling paradigm, and the broad spectrum of disciplines in which it is applied, a clear cut and widely accepted definition of high level concepts of agents, environment, interactions and so on, is still lacking. This volume explores the state-of-the-art in the development of a real ABM ontology to address the epistemological issues related to this emerging paradigm for modeling complex systems.

Author : Erez Yoeli,Moshe Hoffman
Publisher : Unknown
Page : 272 pages
File Size : 40,8 Mb
Release : 2022-04-05
Category : Electronic
ISBN : 1541619471

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Hidden Games by Erez Yoeli,Moshe Hoffman Pdf

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.

Author : C. M. Capra,Rachel T.A. Croson,Mary L. Rigdon,Tanya S. Rosenblat
Publisher : Edward Elgar Publishing
Page : 448 pages
File Size : 51,7 Mb
Release : 2020-10-30
Category : Business & Economics
ISBN : 9781785363337

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Handbook of Experimental Game Theory by C. M. Capra,Rachel T.A. Croson,Mary L. Rigdon,Tanya S. Rosenblat Pdf

The aim of this Handbook is twofold: to educate and to inspire. It is meant for researchers and graduate students who are interested in taking a data-based and behavioral approach to the study of game theory. Educators and students of economics will find the Handbook useful as a companion book to conventional upper-level game theory textbooks, enabling them to compare and contrast actual behavior with theoretical predictions. Researchers and non-specialists will find valuable examples of laboratory and field experiments that test game theoretic propositions and suggest new ways of modeling strategic behavior. Chapters are organized into several sections; each section concludes with an inspirational chapter, offering suggestions on new directions and cutting-edge topics of research in experimental game theory.