behavioral game theory experiments in strategic interaction the roundtable series in behavioral economics

Download Book Behavioral Game Theory Experiments In Strategic Interaction The Roundtable Series In Behavioral Economics in PDF format. You can Read Online Behavioral Game Theory Experiments In Strategic Interaction The Roundtable Series In Behavioral Economics here in PDF, EPUB, Mobi or Docx formats.

Behavioral Game Theory

Author : Colin F. Camerer
ISBN : 9781400840885
Genre : Business & Economics
File Size : 61. 55 MB
Format : PDF, Kindle
Download : 679
Read : 611

Get This Book

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.

Advances In Behavioral Finance

Author : Richard H. Thaler
ISBN : 9781400829125
Genre : Business & Economics
File Size : 88. 66 MB
Format : PDF
Download : 859
Read : 703

Get This Book

This book offers a definitive and wide-ranging overview of developments in behavioral finance over the past ten years. In 1993, the first volume provided the standard reference to this new approach in finance--an approach that, as editor Richard Thaler put it, "entertains the possibility that some of the agents in the economy behave less than fully rationally some of the time." Much has changed since then. Not least, the bursting of the Internet bubble and the subsequent market decline further demonstrated that financial markets often fail to behave as they would if trading were truly dominated by the fully rational investors who populate financial theories. Behavioral finance has made an indelible mark on areas from asset pricing to individual investor behavior to corporate finance, and continues to see exciting empirical and theoretical advances. Advances in Behavioral Finance, Volume II constitutes the essential new resource in the field. It presents twenty recent papers by leading specialists that illustrate the abiding power of behavioral finance--of how specific departures from fully rational decision making by individual market agents can provide explanations of otherwise puzzling market phenomena. As with the first volume, it reaches beyond the world of finance to suggest, powerfully, the importance of pursuing behavioral approaches to other areas of economic life. The contributors are Brad M. Barber, Nicholas Barberis, Shlomo Benartzi, John Y. Campbell, Emil M. Dabora, Daniel Kent, Fran├žois Degeorge, Kenneth A. Froot, J. B. Heaton, David Hirshleifer, Harrison Hong, Ming Huang, Narasimhan Jegadeesh, Josef Lakonishok, Owen A. Lamont, Roni Michaely, Terrance Odean, Jayendu Patel, Tano Santos, Andrei Shleifer, Robert J. Shiller, Jeremy C. Stein, Avanidhar Subrahmanyam, Richard H. Thaler, Sheridan Titman, Robert W. Vishny, Kent L. Womack, and Richard Zeckhauser.


Author : Samuel Bowles
ISBN : 1400829313
Genre : Business & Economics
File Size : 21. 37 MB
Format : PDF, ePub
Download : 854
Read : 873

Get This Book

In this novel introduction to modern microeconomic theory, Samuel Bowles returns to the classical economists' interest in the wealth and poverty of nations and people, the workings of the institutions of capitalist economies, and the coevolution of individual preferences and the structures of markets, firms, and other institutions. Using recent advances in evolutionary game theory, contract theory, behavioral experiments, and the modeling of dynamic processes, he develops a theory of how economic institutions shape individual behavior, and how institutions evolve due to individual actions, technological change, and chance events. Topics addressed include institutional innovation, social preferences, nonmarket social interactions, social capital, equilibrium unemployment, credit constraints, economic power, generalized increasing returns, disequilibrium outcomes, and path dependency. Each chapter is introduced by empirical puzzles or historical episodes illuminated by the modeling that follows, and the book closes with sets of problems to be solved by readers seeking to improve their mathematical modeling skills. Complementing standard mathematical analysis are agent-based computer simulations of complex evolving systems that are available online so that readers can experiment with the models. Bowles concludes with the time-honored challenge of "getting the rules right," providing an evaluation of markets, states, and communities as contrasting and yet sometimes synergistic structures of governance. Must reading for students and scholars not only in economics but across the behavioral sciences, this engagingly written and compelling exposition of the new microeconomics moves the field beyond the conventional models of prices and markets toward a more accurate and policy-relevant portrayal of human social behavior.

Handbook Of Social Economics Set 1a 1b

Author : Jess Benhabib
ISBN : 9780444537140
Genre : Social Science
File Size : 30. 80 MB
Format : PDF, ePub, Docs
Download : 632
Read : 1291

Get This Book

How can economists define and measure social preferences and interactions? Through the use of new economic data and tools, our contributors survey an array of social interactions and decisions that typify homo economicus. Identifying economic strains in activities such as learning, group formation, discrimination, and the creation of peer dynamics, they demonstrate how they tease out social preferences from the influences of culture, familial beliefs, religion, and other forces. Advances our understanding about quantifying social interactions and the effects of culture Summarizes research on theoretical and applied economic analyses of social preferences Explores the recent willingness among economists to consider new arguments in the utility function

The American Economic Review

Author :
ISBN : STANFORD:36105121645332
Genre : Economics
File Size : 28. 5 MB
Format : PDF, Docs
Download : 838
Read : 462

Get This Book

Includes annual List of doctoral dissertations in political economy in progress in American universities and colleges; and the Hand book of the American Economic Association.

Essays On The Economics Of Common Property And Public Goods

Author : Martin D. Heintzelman
ISBN : UOM:39015069118068
Genre :
File Size : 74. 30 MB
Format : PDF
Download : 462
Read : 653

Get This Book

Common property resources and public goods are two of the most common forms of market failures studied in economics, and are closely related. Using both theoretical and empirical methods I explore the issues of interstate river allocations and preservation of open-space/historic resources as well as examine a possible general solution to the tragedy of the commons.

Journal Of Economic Literature

Author :
ISBN : UCSD:31822035813898
Genre : Economics
File Size : 84. 76 MB
Format : PDF, Kindle
Download : 448
Read : 1105

Get This Book

American Book Publishing Record

Author :
ISBN : UOM:39015066043145
Genre : American literature
File Size : 56. 25 MB
Format : PDF, ePub, Mobi
Download : 841
Read : 463

Get This Book

Philosophical Transactions Of The Royal Society Of London

Author :
ISBN : WISC:89099258865
Genre : Biology
File Size : 89. 8 MB
Format : PDF, Kindle
Download : 936
Read : 1194

Get This Book

Philosophical Transactions

Author :
ISBN : CORNELL:31924101557175
Genre : Biology
File Size : 82. 13 MB
Format : PDF, ePub, Mobi
Download : 682
Read : 173

Get This Book

Each issue of Transactions B is devoted to a specific area of the biological sciences, including clinical science. All papers are peer reviewed and edited to the highest standards. Published on the 29th of each month, Transactions B is essential reading for all biologists.

Top Download:

Best Books