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Behavioral Game Theory: Experiments in Strategic Interaction Colin F. Camerer
Publisher: Princeton University Press

There is an ongoing debate regarding the importance of these experiments. Experimental economics utilises game theory, which proves to be a useful tool in investigating strategic interaction between decision-making players. He argues that game theorists have a natural incentive to exaggerate its usefulness. Cramer titled Behavioral Game Theory: Experiments in Strategic Interaction. While the nascent field of neuroeconomics has its teething problems, . Game theory attempts to mathematically capture behavior in strategic situations, where an individual's success in making choices depends on the choices of others. This subject Here is a link to a book by C.F. While initially developed to analyze competitions where one individual does better at another's expense (zero sum games), it has been expanded to treat a wide class of interactions, which are classified according to several .. Recently, I read a blog post on the Freakanomics blog that talked about Behavioral Game Theory. Consequently, the noticeable lack of empirical references in this article is not the result of a normative disapproval of the many and very interesting experiments with pervasive technology that flourish these days, but on the contrary must be regarded as a rather rigid In line with economic game theory we can define games as complex, rule-based interaction systems consisting of these three key mechanisms: absolute rules, contingent strategies, and possible interaction patterns. For this reason neuroeconomics as an actual science will probably influence economics in a similarly positive way cognitive psychology and behavioural economics have.