Cover image for Advances in understanding strategic behaviour : game theory, experiments, and bounded rationality : essay in honour of Werner Guth
Title:
Advances in understanding strategic behaviour : game theory, experiments, and bounded rationality : essay in honour of Werner Guth
Publication Information:
New York, NY : Palgrave Macmillan, 2004
ISBN:
9781403941671

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30000010098464 HB144 A38 2004 Open Access Book Book
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Summary

Summary

This volume contains sixteen original articles documenting recent progress in understanding strategic behaviour. In their variety they reflect an entire spectrum of coexisting approaches: from orthodox game theory via behavioural game theory, bounded rationality and economic psychology to experimental economics. There are plenty of new models and insights but the book also illustrates the boundaries of what we know today and explains the frontiers of tomorrow. The articles were written in honour of Werner Güth.


Author Notes

T. K. AHN Florida State University, USAHELMUT BESTER Free University of Berlin, GermanySIEGFRIED K. BERNINGHAUS University of Karlsruhe, GermanyGARY BOLTON Penn State University, USATILMAN BÖRGERS University College London, UKCOLIN F. CAMERER California Institute of Technology, USAJUAN-CAMILO CARDENAS Universidad de Los Andes, BogotaMARTIN DUFWENBERG University of Arizona, USADANIEL FRIEDMAN University of California Santa Cruz, USAURI GNEEZY University of Chicago, USAWERNER GÜTH Max Planck Institute for Research into Economic Systems, GermanyTECK-HUA HO University of California Berkeley, USAJOHN H. KAGEL Ohio State University, USAELENA KATOK Penn State University, USAHARTMUT KLIEMT Gerhard Mercator University, Duisburg, GermanyMANFRED KÖNIGSTEIN University of Erfurt, GermanyJUIN KUAN CHONG National University of Singapore, SingaporeANTONIO J. MORALES University of Malaga, SpainWIELAND MÜLLER Tilburg University, The NetherlandsAXEL OCKENFELS University of Cologne, GermanyEILINOR OSTROM Indiana University, USAJAMES E. PARCO United States Air Force Academy, USAAMNON RAPOPORT University of Arizona, USAALVIN E. ROTH Harvard University, USAALDO RUSTICHINI University of Minnesota, USADARRYL A. SEALE University of Nevada, USAREINHARD SELTEN University of Bonn, GermanyNIRVIKAR SINGH University of California Santa Cruz, USAWILLIAM E. STEIN Texas A&M University, USABODO VOGT University of Magdeburg, GermanyJÖRGEN WEIBULL Boston University, USAMENAHEM E. YAARI Hebrew University, IsraelRAMI ZWICK Hong Kong University of Science and Technology, Hong Kong


Table of Contents

Boundedly Rational Qualitative Reasoning in Comparative Statics
Complexity Constraints and Adaptive Learning: An Example
Vengefulness Evolves in Small Groups
Network Formation and Coordination Games
Specific Skills, Imperfect Information and Job Rationing
Testing Game Theory
A Dialogue Concerning the Nature of Rationality
Behavioral Game Theory: Thinking, Learning, and Teaching
Double Auction Markets with Stochastic Supply and Demand Schedules: Call Markets and Continuous Auction Trading Mechanisms
Multistage Sealed-bid K-double Auctions: An Experimental Study of Bilateral Bargaining
The Role of Arbitration in Bargaining
Arbitration in Bargaining
An Experimental Study of Bilateral Bargaining
Price Competition: The Role of Gender and Education
Parity, Sympathy, and Reciprocity
Fairness and Greed in Stackelberg Games
Learning from (and in) the Ultimatum Game: An InterviewAlvin E. Roth