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Understanding Strategic Interaction: Essays in Honor of Reinhard Selten

By Wulf Albers (Editor), Werner Güth (Editor), Peter Hammerstein (Editor), Benny Moldovanu (Editor), Eric van Damme (Editor)
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$109.99
By Wulf Albers (Editor), Werner Güth (Editor), Peter Hammerstein (Editor), Benny Moldovanu (Editor), Eric van Damme (Editor)
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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. In the animal kingdom one usually refers to evolutionary forces when explaining social interaction. The volume contains innovative cont...

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