Game Theory and Behavioural Economics
Routledge – 2013 – 304 pages
Experimental Game Theory is the first textbook to introduce the main concepts of game theory and to confront them with experimental evidence. This applied, real world approach will help students understand how game theory is and can be brought to bear on real world decision making.
Topics are presented in a user-friendly interactive way involving a dialogue between the two editors. This approach, along with a supporting website containing online applications will help stimulate strategic thinking on the part of the student. As well as the main concepts, newer theories from behavioural economics including best reply matching, action sampling and analogy based expectations will also be shown in action. The result is a textbook that properly integrates current thinking in this pivotal area of the social sciences.
1. The Structure of a Game 2. Dominated Strategies 3. Nash Equilibrium 4. Backward Induction and Repeated Games 5. Trembles in a Game 6. Solving a Game Differently
Gisèle Umbhauer is Associate Professor at the University of Strasbourg, France. She is the co-editor of The Economics of Networks (Springer, 1998)
Paul Pezanis-Christou is Associate Professor at the University of Strasbourg, France. His paper, Organisational structure, communication and group ethics (with Matthew Ellman), is forthcoming in American Economic Review.