Behavioural Economics and Game Theory

Faruk Gul

doi:10.1057/978-1-349-95189-5_2284

Behavioural Economics and Game Theory

Faruk Gul

Economics

Research output: Chapter in Book/Report/Conference proceeding › Chapter

Abstract

Behavioural economics, broadly defined, refers to the research programme that investigates the relationship between psychology and economic behaviour. The purpose of this article is to provide an outline of behavioural economics research and to describe where research in behavioural game theory stands within this outline. The aim is not to assess the impact of particular contributions or describe and interpret specific applications. Rather, the goal is to provide an organization of the literature based on the type of departures from standard theory.

Original language	English (US)
Title of host publication	The New Palgrave Dictionary of Economics, Third Edition
Publisher	Palgrave Macmillan
Pages	853-860
Number of pages	8
ISBN (Electronic)	9781349951895
ISBN (Print)	9781349951888
DOIs	https://doi.org/10.1057/978-1-349-95189-5_2284
State	Published - Jan 1 2018

All Science Journal Classification (ASJC) codes

General Economics, Econometrics and Finance
General Business, Management and Accounting

Keywords

Ambiguity
Ambiguity aversion
Asymmetric information
Auctions
Behavioural economics
Behavioural economics and game theory
Commitment
Evolutionary games
Expected utility hypothesis
Fixed point theorems
Framing effects
Game theory
Independence axiom
Interdependent preferences
Mechanism design
Neuroeconomics
Preference reversals
Probability distributions
Prospect theory
Psychological games
Social preferences
Ultimatum game
Uncertainty

Access to Document

10.1057/978-1-349-95189-5_2284

Cite this

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KW - Behavioural economics and game theory

KW - Commitment

KW - Evolutionary games

KW - Expected utility hypothesis

KW - Fixed point theorems

KW - Framing effects

KW - Game theory

KW - Independence axiom

KW - Interdependent preferences

KW - Mechanism design

KW - Neuroeconomics

KW - Preference reversals

KW - Probability distributions

KW - Prospect theory

KW - Psychological games

KW - Social preferences

KW - Ultimatum game

KW - Uncertainty

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ER -

Behavioural Economics and Game Theory

Abstract

All Science Journal Classification (ASJC) codes

Keywords

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