Advances in understanding strategic behaviour: game theory, experiments,
and bounded rationality

Dublin Core

Title

Advances in understanding strategic behaviour: game theory, experiments,
and bounded rationality

Subject

Advances in understanding strategic behaviour:game theory, experiments,
and bounded rationality

Description

In the decades that followed, the economics literature slowly started filling this gap. Evolutionary game theory, preference evolution, learning models, models of bounded rationality with and without optimization, and,
of course, more and more systematic experimental evidence – all these approaches flourished, competing with as well as complementing each other. Yet, compared to other fields, progress has not been particularly fast and the task before us is still immense. The task is, of course, to understand behaviour, and understanding is not easy. Life between hyperrationality on the one hand and simple facts on the other is not easy. There are no fixed axioms, and there is no fast-track methodology. There are many ways that can and
need to be tried. Unavoidably, most of these are arduous, and some turn out to be dead ends. Looking for new routes that fill the void needs an adventurous spirit, fearlessness, creativity and stubbornness

Creator

Steffen Huck

Publisher

PALGRAVE MACMILLA

Date

2004

Contributor

Novita

Format

PDF

Language

English

Type

Textbooks

Files

Collection

Citation

Steffen Huck, “Advances in understanding strategic behaviour: game theory, experiments, and bounded rationality,” Portal Ebook UNTAG SURABAYA, accessed July 21, 2024, https://ebook.untag-sby.ac.id/items/show/1017.