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Behavioral game theory: Plausible formal models that predict accurately

Camerer, Colin F. (2003) Behavioral game theory: Plausible formal models that predict accurately. Behavioral and Brain Sciences, 26 (2). pp. 157-158. ISSN 0140-525X.

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Many weaknesses of game theory are cured by new models that embody simple cognitive principles, while maintaining the formalism and generality that makes game theory useful. Social preference models can generate team reasoning by combining reciprocation and correlated equilibrium. Models of limited iterated thinking explain data better than equilibrium models do; and they self-repair problems of implausibility and multiplicity of equilibria.

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Additional Information:© 2003 Cambridge University Press.
Record Number:CaltechAUTHORS:20110210-111548195
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ID Code:22110
Deposited By: Tony Diaz
Deposited On:10 Mar 2011 22:56
Last Modified:26 Dec 2012 12:55

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