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Cited by 496

The DOI matches its Crossref record; 5 of the 5 references it cites were found in a registry or an index.

Progress in Behavioral Game Theory

Camerer, Colin F·1997·Journal of Economic Perspectives

Abstract

Behavioral game theory aims to predict how people actually behave by incorporating psychological elements and learning into game theory. With this goal in mind, experimental findings can be organized into three categories: players have systematic 'reciprocated social values,' like desires for fairness and revenge. Phenomena discovered in studies of individual judgments and choices, like 'framing' and overconfidence, are also evident in games. Strategic principles, like irrelevance of strategy labels and timing of moves, iterated elimination of dominated strategies, and backward induction, are violated. Future research should incorporate these findings, along with learning and 'pregame theory,' into formal game theory.

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Metadata

Authors
Camerer, C. F.
Venue
Journal of Economic Perspectives
Published
1997-11-01
Volume
11
Issue
4
Pages
167-188
ISSN
0895-3309 (ISSN-L)
OpenAlex
W2101440292
Cited by
496
References
5
FWCI
75.03
Type
journal article
Language
en
Open access
closed

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