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This fourth volume of The Foundations of Behavioral Economic Analysis covers behavioral game theory. It is an essential guide for advanced undergraduate and postgraduate students seeking a concise and focused text on this important subject, and examines the evidence on classical game theory and several models of behavioral game theory, including level-k and cognitive hierarchy models, quantal response equilibrium, and psychological game theory. This updated extract from Dhami's leading textbook allows the reader to pursue subsections of this vast and rapidly growing field and to tailor their reading to their specific interests in behavioural economics.
This volume investigates the intersection of classical game theory and behavioral economics to determine how human cognitive limitations influence strategic decision-making. Sanjit Dhami, a professor of economics, synthesizes empirical evidence and theoretical models to challenge the assumption of perfect rationality in strategic interactions. The text provides a rigorous framework for understanding how individuals deviate from Nash equilibrium predictions in real-world scenarios.
What You Will Find
Scope Limits
Experts recognize this text as a rigorous resource for advanced students and researchers specializing in behavioral economics. Readers frequently note the academic density of the prose, which is designed for those with a strong background in formal economic modeling.
Page Count:
464
Publication Date:
2019-01-01
Publisher:
OUP Oxford
ISBN-10:
0192586505
ISBN-13:
9780192586506
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