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Behavioral Game Theory: Experiments in Strategic Interaction Colin F. Camerer
Publisher: Princeton University Press

Behavioral game theory : experiments in strategic interaction. Starting point for our modeling strategy as described in the following Section. We show that theories that equalize wages with marginal products in the private sector can rationalize the interaction of public and private sector wages when extended to accommodate a non- trivial government sector/public sector union that endogenously determines public employment We are able to simulate experiments that help us understanding the dynamic behavior of aggre- gate time series of .. Behavioral game theory: Experiments in strategic interaction. Consequently, the noticeable lack of empirical references in this article is not the result of a normative disapproval of the many and very interesting experiments with pervasive technology that flourish these days, but on the contrary must be regarded as a rather rigid In line with economic game theory we can define games as complex, rule-based interaction systems consisting of these three key mechanisms: absolute rules, contingent strategies, and possible interaction patterns. This is an essay about the book Behavioral Game Theory: Experiments in Strategic Interaction by Colin F. Princeton, N.J.; Woodstock: Princeton University Press. This is consistent both with previous experimental results on direct and indirect reciprocity and with theoretical studies showing that, when interaction is repeated over time, the possibility of knowing others' past behaviour significantly increases cooperation . Unifying a wealth of information from ongoing studies in strategic behavior, he takes the experimental science of behavioral economics a major step forward. The book is about Behavioral game theory which is a branch of behavioral economics. Nevertheless, third-party reputation systems seemed to be more sensitive than dyadic reputation ones to fluctuations of strategies during the game and tended to produce lower cooperation in the final periods. He argues that game theorists have a natural incentive to exaggerate its usefulness. This study investigates whether minimal information about an interaction partner's membership in a trivial social group affects the allocations of adults and children in dictator game, reciprocity in a sequential prisoner's dilemma, and altruistic punishment in a third-party punishment game. Behavioral Game Theory: Experiments in Strategic Interaction by Colin F. In all, 155 adults and 157 171-196). Behavioral Game Theory: Experiments in Strategic Interaction. Camerer, Colin, 2003, Behavioral Game Theory: Experiments in Strategic Interaction, Princeton, NJ: Princeton University Press 著者. Cambridge, MA: Harvard University Press.