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Behavioural studies of strategic thinking in games

Camerer, Colin F. (2003) Behavioural studies of strategic thinking in games. Trends in Cognitive Sciences, 7 (5). pp. 225-231. ISSN 1364-6613. http://resolver.caltech.edu/CaltechAUTHORS:20110204-142846813

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Abstract

Game theory is a mathematical language for describing strategic interactions, in which each player's choice affects the payoff of other players (where players can be genes, people, companies, nation-states, etc.). The impact of game theory in psychology has been limited by the lack of cognitive mechanisms underlying game-theoretic predictions. ‘Behavioural game theory’ is a recent approach linking game theory to cognitive science by adding cognitive details about ‘social utility functions’, theories of limits on iterated thinking, and statistical theories of how players learn and influence others. New directions include the effects of game descriptions on choice (‘framing’), strategic heuristics, and mental representation. These ideas will help root game theory more deeply in cognitive science and extend the scope of both enterprises.


Item Type:Article
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URLURL TypeDescription
http://dx.doi.org/10.1016/S1364-6613(03)00094-9 DOIUNSPECIFIED
http://www.sciencedirect.com/science/article/B6VH9-48H2YBC-3/2/64e30819723709ef4c993defc45d18d0PublisherUNSPECIFIED
Additional Information:© 2003 Elsevier Science Ltd. Available online 2 May 2003. This work was supported by NSF grant SES-0078911. The author wishes to express thanks to Yuval Rottenstreich, the TICS Editor and the anonymous referees for very helpful comments.
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Funding AgencyGrant Number
NSFSES-0078911
Record Number:CaltechAUTHORS:20110204-142846813
Persistent URL:http://resolver.caltech.edu/CaltechAUTHORS:20110204-142846813
Official Citation:Colin F. Camerer, Behavioural studies of strategic thinking in games, Trends in Cognitive Sciences, Volume 7, Issue 5, May 2003, Pages 225-231, ISSN 1364-6613, DOI: 10.1016/S1364-6613(03)00094-9. (http://www.sciencedirect.com/science/article/B6VH9-48H2YBC-3/2/64e30819723709ef4c993defc45d18d0)
Usage Policy:No commercial reproduction, distribution, display or performance rights in this work are provided.
ID Code:22025
Collection:CaltechAUTHORS
Deposited By: Tony Diaz
Deposited On:08 Feb 2011 20:21
Last Modified:08 Feb 2011 20:21

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