Chapter20

Strategic Behavior in the Lab

In This Chapter

  • Behavioral game theory
  • Measuring trust
  • Self-interest versus altruism
  • Getting on the same page

As I’ve tried to make clear, game theory first and foremost is an attempt to use mathematics to model strategic interaction. In particular, it is a theory that seeks to find the best strategies for players to adopt, given that they are ultimately concerned with their expected payoffs.

But as I’ve also emphasized, our very human urges and preferences often contradict the choices that an impartial mathematical theory would prescribe. For this reason, if game theory is to stand up as a social as ...

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