Chapter21
More Quirky Behavior
In This Chapter
- Relying on dominance
- Putting mixed strategies to the test
- Thinking about what others think
- Testing the limits of rationality
In this chapter I’m serving up the second half of our introduction to behavioral game theory. There are still some unanswered questions about how people think, and more importantly, how they act in game situations. For example, standard theory says that dominated strategies are eliminated from consideration. Do people really behave accordingly?
Another foundation of game theory is the need to mix strategies in many situations. Does this occur in practice? Do people really ...
Get The Complete Idiot's Guide to Game Theory now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
