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Behavioral Game Theory: Experiments in Strategic Interaction Book

Behavioral Game Theory: Experiments in Strategic Interaction
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Behavioral Game Theory: Experiments in Strategic Interaction, 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 substa, Behavioral Game Theory: Experiments in Strategic Interaction
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  • Behavioral Game Theory: Experiments in Strategic Interaction
  • Written by author Colin F. Camerer
  • Published by Princeton University Press, 9/5/2011
  • 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 substa
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Preface
1 Introduction 1
1.1 What is Game Theory Good For? 5
1.2 Three Examples 7
1.3 Experimental Regularity and Behavioral Game Theory 20
App. A1.1 Basic Game Theory 25
App. A1.2 Experimental Design 34
2 Dictator, Ultimatum, and Trust Games 43
2.1 Ultimatum and Dictator Games: Basic Results 48
2.2 Methodological Variables 59
2.3 Demographic Variables 63
2.4 Culture 68
2.5 Descriptive Variables: Labeling and Context 74
2.6 Structural Variables 75
2.7 Trust Games 83
2.8 Theory 101
3 Mixed-Strategy Equilibrium 118
3.1 Early Studies 121
3.2 Modern Studies 125
3.3 Subjective Randomization and Mixed Strategies 134
3.4 Explicit Randomization 138
3.5 Patent Race and Location Games with Mixed Equilibria 142
3.6 Two Field Studies 145
4 Bargaining 151
4.1 Unstructured Bargaining 153
4.2 Structured Bargaining 161
4.3 Bargaining under Incomplete Information 182
5 Dominance-Solvable Games 199
5.1 Simple Dominance-Solvable Games 203
5.2 Beauty Contest Games 209
5.3 Games in Which Iterated Reasoning Decreases Payoffs 218
5.4 When More Iteration is Better: The "Dirty Faces" Game 236
5.5 The "Groucho Marx" Theorem in Zero-Sum Betting 239
5.6 Structural Models of Decision Rules and Levels of Reasoning 242
5.7 Theories 254
App Raw Choices in Email Game and Additional Data 259
6 Learning 265
6.1 Theories of Learning 266
6.2 Reinforcement Learning 273
6.3 Belief Learning 283
6.4 Imitation Learning 295
6.5 Comparative Studies 298
6.6 Experience-Weighted Attraction (EWA) Learning 304
6.7 Rule Learning 324
6.8 Econometric Studies of Estimation Properties 330
7 Coordination 336
7.1 Matching Games 341
7.2 Asymmetric Players: Battle of the Sexes 353
7.3 Market Entry Games 367
7.4 Payoff-Asymmetric Order-Statistic Games 375
7.5 Selecting Selection Principles 396
7.6 Applications: Path-Dependence, Market Adoption, and Corporate Culture 399
App Psycholinguistics 405
8 Signaling and Reputation 408
8.1 Simple Signaling Games and Adaptive Dynamics 411
8.2 Specialized Signaling Games 427
8.3 Reputation Formation 445
9 Conclusion: What Do We Know, and Where Do We Go? 465
9.1 Summary of Results 466
9.2 Top Ten Open Research Questions 473
App Design Details 477
References 497
Index 535


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Behavioral Game Theory: Experiments in Strategic Interaction, 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 substa, Behavioral Game Theory: Experiments in Strategic Interaction

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Behavioral Game Theory: Experiments in Strategic Interaction, 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 substa, Behavioral Game Theory: Experiments in Strategic Interaction

Behavioral Game Theory: Experiments in Strategic Interaction

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Behavioral Game Theory: Experiments in Strategic Interaction, 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 substa, Behavioral Game Theory: Experiments in Strategic Interaction

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