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Games with Procedurally Rational Players Author info | Abstract | Publisher info | Download info | Related research | Statistics Osborne, Martin J
Rubinstein, Ariel
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The authors study interactive situations in which players are boundedly rational. Each player, rather than optimizing given a belief about the other players' behavior, as in the theory of Nash equilibrium, uses the following choice procedure. She first associates one consequence with each of her actions by sampling (literally or virtually) each of her actions once. Then she chooses the action that has the best consequence. The authors define a notion of equilibrium for such situations and study its properties. Copyright 1998 by American Economic Association.
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Article provided by American Economic Association in its journal American Economic Review .
Volume (Year): 88 (1998)
Issue (Month): 4 (September)
Pages: 834-47
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Handle: RePEc:aea:aecrev:v:88:y:1998:i:4:p:834-47Contact details of provider: Email: Web page: http://www.aeaweb.org/aer/ More information through EDIRC
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References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.: Rosenthal, Robert W, 1989.
"A Bounded-Rationality Approach to the Study of Noncooperative Games ,"
International Journal of Game Theory ,
Springer, vol. 18(3), pages 273-91.
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Rosenthal, Robert W., 1981.
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Chen, Hsiao-Chi & Friedman, James W. & Thisse, Jacques-Francois, 1997.
"Boundedly Rational Nash Equilibrium: A Probabilistic Choice Approach ,"
Games and Economic Behavior ,
Elsevier, vol. 18(1), pages 32-54, January.
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Full
references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
Martin Osborne & Ariel Rubinstein, 2002.
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Levine's Bibliography
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Philippe Jeniel, 2001.
"Analogy-Based Expectation Equilibrium ,"
Economics Working Papers
0003, Institute for Advanced Study, School of Social Science.
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Philippe Jehiel, 2005.
"Analogy-Based Expectation Equilibrium ,"
Levine's Bibliography
784828000000000106, UCLA Department of Economics.
[Downloadable!] Jehiel, Philippe, 2005.
"Analogy-based expectation equilibrium ,"
Journal of Economic Theory ,
Elsevier, vol. 123(2), pages 81-104, August.
[Downloadable!] (restricted) Droste, E. & Kosfeld, M. & Voorneveld, M., 1998.
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José Alcantud & Carlos Alós-Ferrer, 2007.
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Springer, vol. 35(3), pages 455-464, February.
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B. Luppi, 2006.
"Price Competition over Boundedly Rational Agents ,"
Working Papers
565, Dipartimento Scienze Economiche, Universita' di Bologna.
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Nicola Gennaioli & Andrei Shleifer, 2009.
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NBER Working Papers
15084, National Bureau of Economic Research, Inc.
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Ran Spiegler, 2001.
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Economics Working Papers
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J. C. R. Alcantud & Carlos Alós-Ferrer, 2002.
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Bruno S. Frey & Alois Stutzer, .
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IEW - Working Papers
iewwp076, Institute for Empirical Research in Economics - IEW.
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Other versions:
Bruno Frey & Alois Stutzer, 2002.
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Berkeley Olin Program in Law & Economics, Working Paper Series
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[Downloadable!] Bruno S. Frey & Alois Stutzer, 2005.
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Oxford Economic Papers ,
Oxford University Press, vol. 57(1), pages 90-111, January.
[Downloadable!] (restricted) Kobi Kriesler & Shmuel Nitzan, 2006.
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Ido Erev & Ira Glozman & Ralph Hertwig, 2008.
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Journal of Risk and Uncertainty ,
Springer, vol. 36(2), pages 153-177, April.
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Ariel Rubinstein & Rani Spiegler, 2005.
"Money Pumps in the Market ,"
Levine's Bibliography
122247000000000941, UCLA Department of Economics.
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Bruno Frey & Alois Stutzer, 2001.
"Beyond Bentham -- Measuring Procedural Utility ,"
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CESifo Working Paper No. , CESifo Group Munich.
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Ortoleva, Pietro, 2008.
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12242, University Library of Munich, Germany.
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repec:bep:thecon:v:4:y:2004:i:1:p:1109-1109 is not listed on IDEAS
Ariel Rubinstein, 2006.
"Instinctive and Cognitive Reasoning: A Study of Response Times ,"
Discussion Papers
1424, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
[Downloadable!]
Ran Spiegler, 2005.
"Competition over Agents with Boundedly Rational Expectations ,"
Levine's Bibliography
122247000000000535, UCLA Department of Economics.
[Downloadable!]
Rani Spiegler, 2005.
"The Market for Quacks ,"
Levine's Bibliography
784828000000000634, UCLA Department of Economics.
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Ariel Rubinstein, 2006.
"Instinctive and Cognitive Reasoning: A Study of Response Times ,"
Working Papers
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Marc Le Menestrel, 2003.
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Economics Working Papers
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Ariel Rubinstein, 2007.
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Levine's Bibliography
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[Downloadable!]
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