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Games with Procedurally Rational Players Author info | Abstract | Publisher info | Download info | Related research | Statistics Osborne, M-J
Rubinstein, A
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We study equilibrium in games in which each player uses the procedure in which he associates a consequence with each of his actions and chooses the action that has the best consequence. The association may be stochastic but is not arbitrary : it reglects the other players' equilibrium behavior. We establish properties of an equilibrium and study some examples.
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Paper provided by Tel Aviv in its series Papers with number
4-97.
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Length: 19 pages
Date of creation: 1997Date of revision:
Handle: RePEc:fth:teavfo:4-97Contact details of provider: Postal: Israel TEL-AVIV UNIVERSITY, THE FOERDER INSTITUTE FOR ECONOMIC RESEARCH, RAMAT AVIV 69 978 TEL AVIV ISRAEL. Phone: 972-3-640-9255 Fax: 972-3-640-5815 Email: Web page: http://econ.tau.ac.il/research/foerder.asp More information through EDIRC
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Keywords: GAMES ; STATISTICS ; Other versions of this item:
Find related papers by JEL classification: C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
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 ,
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McKelvey Richard D. & Palfrey Thomas R., 1995.
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Games and Economic Behavior ,
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Rosenthal, Robert W., 1981.
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Journal of Economic Theory ,
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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.
[Downloadable!] (restricted)
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.
"A Sampling Equilibrium with an Application to Strategic Voting ,"
Levine's Bibliography
506439000000000037, UCLA Department of Economics.
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Other versions: Steffen Huck & Rajiv Sarin, 2000.
"Players with Limited Memory ,"
Econometric Society World Congress 2000 Contributed Papers
1645, Econometric Society.
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Sebastian Goerg & Reinhard Selten, 2009.
"Experimental investigation of stationary concepts in cyclic duopoly games ,"
Experimental Economics ,
Springer, vol. 12(3), pages 253-271, September.
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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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Other versions:
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.
"Regret equilibria in games ,"
Discussion Paper
19, Tilburg University, Center for Economic Research.
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Kobi Kriesler & Shmuel Nitzan, 2008.
"Is Context-Based Choice due to Context-Dependent Preferences? ,"
Theory and Decision ,
Springer, vol. 64(1), pages 65-80, February.
[Downloadable!] (restricted)
José Alcantud & Carlos Alós-Ferrer, 2007.
"Nash equilibria for non-binary choice rules ,"
International Journal of Game Theory ,
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.
"What Comes to Mind ,"
NBER Working Papers
15084, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
Ran Spiegler, 2001.
"Testing Threats in Repeated Games ,"
Economics Working Papers
0009, Institute for Advanced Study, School of Social Science.
[Downloadable!]
J. C. R. Alcantud & Carlos Alós-Ferrer, 2002.
"Choice-Nash Equilibria ,"
Vienna Economics Papers
0209, University of Vienna, Department of Economics.
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Bruno S. Frey & Alois Stutzer, .
"Beyond Outcomes: Measuring Procedural Utility ,"
IEW - Working Papers
iewwp076, Institute for Empirical Research in Economics - IEW.
[Downloadable!]
Other versions:
Bruno Frey & Alois Stutzer, 2002.
"Beyond Outcomes: Measuring Procedural Utility ,"
Berkeley Olin Program in Law & Economics, Working Paper Series
1062, Berkeley Olin Program in Law & Economics.
[Downloadable!] Bruno S. Frey & Alois Stutzer, 2005.
"Beyond outcomes: measuring procedural utility ,"
Oxford Economic Papers ,
Oxford University Press, vol. 57(1), pages 90-111, January.
[Downloadable!] (restricted) Kobi Kriesler & Shmuel Nitzan, 2006.
"Increasing sales by introducing non-salable items ,"
Managerial and Decision Economics ,
John Wiley & Sons, Ltd., vol. 27(8), pages 631-641.
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Ido Erev & Ira Glozman & Ralph Hertwig, 2008.
"What impacts the impact of rare events ,"
Journal of Risk and Uncertainty ,
Springer, vol. 36(2), pages 153-177, April.
[Downloadable!] (restricted)
Ariel Rubinstein & Rani Spiegler, 2005.
"Money Pumps in the Market ,"
Levine's Bibliography
122247000000000941, UCLA Department of Economics.
[Downloadable!]
Bruno Frey & Alois Stutzer, 2001.
"Beyond Bentham -- Measuring Procedural Utility ,"
CESifo Working Paper Series
CESifo Working Paper No. , CESifo Group Munich.
[Downloadable!]
Ortoleva, Pietro, 2008.
"The Price of Flexibility: Towards a Theory of Thinking Aversion ,"
MPRA Paper
12242, University Library of Munich, Germany.
[Downloadable!]
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.
[Downloadable!]
Ariel Rubinstein, 2006.
"Instinctive and Cognitive Reasoning: A Study of Response Times ,"
Working Papers
2006.36, Fondazione Eni Enrico Mattei.
[Downloadable!]
Marc Le Menestrel, 2003.
"A One-Shot Prisoners’ Dilemma with Procedural Utility ,"
Economics Working Papers
819, Department of Economics and Business, Universitat Pompeu Fabra.
[Downloadable!]
Ariel Rubinstein, 2007.
"Instinctive and Cognitive Reasoning: Response Times Study ,"
Levine's Bibliography
321307000000001011, UCLA Department of Economics.
[Downloadable!]
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