Understanding Strategic Interaction

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Release : 2012-12-06
Genre : Business & Economics
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Book Rating : 951/5 ( reviews)

Understanding Strategic Interaction - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Understanding Strategic Interaction write by Wulf Albers. This book was released on 2012-12-06. Understanding Strategic Interaction available in PDF, EPUB and Kindle. Strategic interaction occurs whenever it depends on others what one finally obtains: on markets, in firms, in politics etc. Game theorists analyse such interaction normatively, using numerous different methods. The rationalistic approach assumes perfect rationality whereas behavioral theories take into account cognitive limitations of human decision makers. In the animal kingdom one usually refers to evolutionary forces when explaining social interaction. The volume contains innovative contributions, surveys of previous work and two interviews which shed new light on these important topics of the research agenda. The contributions come from highly regarded researchers from all over the world who like to express in this way their intellectual inspiration by the Nobel-laureate Reinhard Selten.

Understanding Strategic Interaction

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Release : 2014-09-01
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Book Rating : 966/5 ( reviews)

Understanding Strategic Interaction - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Understanding Strategic Interaction write by Wulf Albers. This book was released on 2014-09-01. Understanding Strategic Interaction available in PDF, EPUB and Kindle.

Behavioral Game Theory

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Release : 2011-09-05
Genre : Business & Economics
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Book Rating : 880/5 ( reviews)

Behavioral Game Theory - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Behavioral Game Theory write by Colin F. Camerer. This book was released on 2011-09-05. Behavioral Game Theory available in PDF, EPUB and Kindle. Game theory, the formalized study of strategy, began in the 1940s by asking how emotionless geniuses should play games, but ignored until recently how average people with emotions and limited foresight actually play games. This book marks the first substantial and authoritative effort to close this gap. Colin Camerer, one of the field's leading figures, uses psychological principles and hundreds of experiments to develop mathematical theories of reciprocity, limited strategizing, and learning, which help predict what real people and companies do in strategic situations. Unifying a wealth of information from ongoing studies in strategic behavior, he takes the experimental science of behavioral economics a major step forward. He does so in lucid, friendly prose. Behavioral game theory has three ingredients that come clearly into focus in this book: mathematical theories of how moral obligation and vengeance affect the way people bargain and trust each other; a theory of how limits in the brain constrain the number of steps of "I think he thinks . . ." reasoning people naturally do; and a theory of how people learn from experience to make better strategic decisions. Strategic interactions that can be explained by behavioral game theory include bargaining, games of bluffing as in sports and poker, strikes, how conventions help coordinate a joint activity, price competition and patent races, and building up reputations for trustworthiness or ruthlessness in business or life. While there are many books on standard game theory that address the way ideally rational actors operate, Behavioral Game Theory stands alone in blending experimental evidence and psychology in a mathematical theory of normal strategic behavior. It is must reading for anyone who seeks a more complete understanding of strategic thinking, from professional economists to scholars and students of economics, management studies, psychology, political science, anthropology, and biology.

Strategic Interaction

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Release : 1970
Genre : Social Science
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Book Rating : 115/5 ( reviews)

Strategic Interaction - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Strategic Interaction write by Erving Goffman. This book was released on 1970. Strategic Interaction available in PDF, EPUB and Kindle. The two essays in this classic work by sociologist Erving Goffman deal with the calculative, gamelike aspects of human interaction. Goffman examines the strategy of words and deeds; he uses the term "strategic interaction" to describe gamelike events in which an individual's situation is fully dependent on the move of one's opponent and in which both players know this and have the wit to use this awareness for advantage. Goffman aims to show that strategic interaction can be isolated analytically from the general study of communication and face-to-face interaction. The first essay addresses expression games, in which a participant spars to discover the value of information given openly or unwittingly by another. The author uses vivid examples from espionage literature and high-level political intrigue to show how people mislead one another in the information game. Both observer and observed create evidence that is false and uncover evidence that is real. In "Strategic Interaction," the book's second essay, action is the central concern, and expression games are secondary. Goffman makes clear that often, when it seems that an opponent sets off a course of action through verbal communication, he really has a finger on your trigger, your chips on the table, or your check in his bank. Communication may reinforce conduct, but in the end, action speaks louder. Those who gamble with their wits, and those who study those who do, will find this analysis important and stimulating.

Modeling Strategic Behavior: A Graduate Introduction To Game Theory And Mechanism Design

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Release : 2018-12-18
Genre : Business & Economics
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Book Rating : 956/5 ( reviews)

Modeling Strategic Behavior: A Graduate Introduction To Game Theory And Mechanism Design - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Modeling Strategic Behavior: A Graduate Introduction To Game Theory And Mechanism Design write by George J Mailath. This book was released on 2018-12-18. Modeling Strategic Behavior: A Graduate Introduction To Game Theory And Mechanism Design available in PDF, EPUB and Kindle. It is impossible to understand modern economics without knowledge of the basic tools of gametheory and mechanism design. This book provides a graduate-level introduction to the economic modeling of strategic behavior. The goal is to teach Economics doctoral students the tools of game theory and mechanism design that all economists should know.