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Behavioural Game Theory: Thinking, Learning and Teaching

In: Advances in Understanding Strategic Behaviour

Author

Listed:
  • Colin F. Camerer
  • Teck-Hua Ho
  • Juin Kuan Chong

Abstract

Game theory is a mathematical system for analysing and predicting how humans behave in strategic situations. Standard equilibrium analyses assume that all players: (1) form beliefs based on an analysis of what others might do (strategic thinking); (2) choose the best response given those beliefs (optimization); and (3) adjust best responses and beliefs until they are mutually consistent (equilibrium).

Suggested Citation

  • Colin F. Camerer & Teck-Hua Ho & Juin Kuan Chong, 2004. "Behavioural Game Theory: Thinking, Learning and Teaching," Palgrave Macmillan Books, in: Steffen Huck (ed.), Advances in Understanding Strategic Behaviour, chapter 8, pages 120-180, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-52337-1_8
    DOI: 10.1057/9780230523371_8
    as

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    Citations

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    Cited by:

    1. Camerer, Colin F. & Ho, Teck-Hua, 2015. "Behavioral Game Theory Experiments and Modeling," Handbook of Game Theory with Economic Applications,, Elsevier.
    2. Michal Hrivnák & Peter Moritz & Katarína Melichová & Oľga Roháčiková & Lucia Pospišová, 2021. "Designing the Participation on Local Development Planning: From Literature Review to Adaptive Framework for Practice," Societies, MDPI, vol. 11(1), pages 1-25, March.
    3. Emma von Essen & Marieke Huysentruyt & Topi Miettinen, 2020. "Exploration in Teams and the Encouragement Effect: Theory and Experimental Evidence," Management Science, INFORMS, vol. 66(12), pages 5861-5885, December.
    4. Emma von Essen & Marieke Huysentruyt & Topi Miettinen, 2019. "Exploration in Teams and the Encouragement Effect: Theory and Evidence," Economics Working Papers 2019-10, Department of Economics and Business Economics, Aarhus University.
    5. Chaoqi, Fu & Yangjun, Gao & Jilong, Zhong & Yun, Sun & Pengtao, Zhang & Tao, Wu, 2021. "Attack-defense game for critical infrastructure considering the cascade effect," Reliability Engineering and System Safety, Elsevier, vol. 216(C).
    6. Tomasz Kopczewski, 2011. "Auto-selection in an Online Experiment, p-Beauty Contest Game," Ekonomia journal, Faculty of Economic Sciences, University of Warsaw, vol. 26.

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