This domain is for sale! DN Epic Store - Mighty Pack Of Catching Domain Names Site Map My Cart View cart: 0 items
 

Does Game Theory Work? The Bargaining Challenge (Economic Learning and Social Evolution)

Ken Binmore. Does Game Theory Work? The Bargaining Challenge (Economic Learning and Social Evolution) Authors:Ken Binmore.
Publisher:
Year:2007
Serie:
Pages:417
Sizes:
Price:3475 rub.
Buy

Book Summary:
This volume brings together all of Ken Binmore's influential experimental papers on bargaining along with newly written commentary in which Binmore discusses the underlying game theory and addresses the criticism leveled at it by behavioral economists. When Binmore began his experimental work in the 1980s, conventional wisdom held that game theory would not work in the laboratory, but Binmore and other pioneers established that game theory can often predict the behavior of experienced players very well in favorable laboratory settings. The case of human bargaining behavior is particularly challenging for game theory. Everyone agrees that human behavior in real-life bargaining situations is governed at least partly by considerations of fairness, but what happens in a laboratory when such fairness considerations supposedly conflict with game-theoretic predictions? Behavioral economists, who emphasize the importance of other-regarding or social preferences, sometimes argue...

More books by Ken Binmore

Also Bought