Behavioral game theoretic models: a Bayesian framework for parameter analysis

@inproceedings{Wright2012BehavioralGT,
  title={Behavioral game theoretic models: a Bayesian framework for parameter analysis},
  author={James R. Wright and Kevin Leyton-Brown},
  booktitle={AAMAS},
  year={2012}
}
Studies in experimental economics have consistently demonstrated that Nash equilibrium is a poor description of human players’ behavior in unrepeated normal-form games. Behavioral game theory offers alternative models that more accurately describe human behavior in these settings. These models typically depend upon the values of exogenous parameters, which are estimated based on experimental data. We describe methods for deriving and analyzing the posterior distributions over the parameters of… CONTINUE READING
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