Understanding Strategic Interaction: Essays in Honor of Reinhard Selten

Understanding Strategic Interaction: Essays in Honor of Reinhard Selten by Wulf Albers

English | Sep 28, 2011 | ISBN: 3642644309 | 525 Pages | PDF | 25 MB

Strategic interaction occurs whenever it depends on others what one finally obtains: on markets, in firms, in politics etc. Game theorists analyse such interaction normatively, using numerous different methods. The rationalistic approach assumes perfect rationality whereas behavioral theories take into account cognitive limitations of human decision makers.

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