Behavioral game theory analyzes strategic decisions and behavior used in experimental economics. Behavioral game theory aims to explain why people do the things they do and how they they learn from their actions. Behavioral game theory is an approach in which you study the cognitive basis of an individual's behavior. Behavioral game theory is useful for explaining what normal people do and how they learn. Behavioral game theory replaces the assumption that people are self interested and that people reach an equilibrium in which everyone is choosing or planning strategies that yield the best outcome, assuming that other players in the game are doing the same. These assumptions are replaced with precise alternatives that are more cognitively
Behavioral game theory analyzes strategic decisions and behavior used in experimental economics. Behavioral game theory aims to explain why people do the things they do and how they they learn from their actions. Behavioral game theory is an approach in which you study the cognitive basis of an individual's behavior. Behavioral game theory is useful for explaining what normal people do and how they learn. Behavioral game theory replaces the assumption that people are self interested and that people reach an equilibrium in which everyone is choosing or planning strategies that yield the best outcome, assuming that other players in the game are doing the same. These assumptions are replaced with precise alternatives that are more cognitively