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- M. Dufwenberg
- PsychologyWiley interdisciplinary reviews. Cognitive…
- 1 March 2011
The nature of game-theoretic analysis, the history of game theory,Why game theory is useful for understanding human psychology, and why game theory has played a key role in the recent explosion of interest in the field of behavioral economics are discussed.
A theory of sequential reciprocity
Promises and Partnership
We examine experimentally the impact of communication on trust and cooperation. Our design admits observation of promises, lies, and beliefs. The evidence is consistent with people striving to live…
Guilt in Games
“A clear conscience is a good pillow.” Why does this old proverb contain an insight? The emotion of guilt holds a key. Psychologists report that “the prototypical cause of guilt would be the…
Dynamic Psychological Games
This work defines a notion of psychological sequential equilibrium, which generalizes the sequential equilibrium notion for traditional games, and provides an exploration of (extensive-form) rationalizability in psychological games.
Bubbles and Experience: An Experiment
We investigate the occurrence of bubble-crash pricing patterns in laboratory financial markets with a mixture of experienced and inexperienced traders. We find that even with a minority of…
Price competition and market concentration: an experimental study
The framing of games and the psychology of play
Measuring Beliefs in an Experimental Lost Wallet Game
There is negative correlation between x and the amount y that 2 allocates to 1, however, there is positive correlation between y and 2's expectation of 1's expectations of y.