search query: @author Chong, K. / total: 2
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| Author: | Camerer, C. Ho, T. Chong, K. |
| Title: | Models of Thinking, Learning, and Teaching in Games |
| Journal: | American Economic Review
2003 : MAY, VOL. 93:2, p. 192-195 |
| Index terms: | MODELS THINKING GAMES TEACHING METHODS BEHAVIOURAL SCIENCE |
| Language: | eng |
| Abstract: | Noncooperative game theory combines strategic thinking, best-response, and mutual consistency of beliefs and choices (equilibrium). The challenge is to create models that are as general, precise, and parsimonious as equilibrium, but which also use cognitive details to explain experimental evidence more accurately and to predict new regularities. This paper describes three exemplar models of behavior in one- shot games (thinking), learning over time, and how repeated "partner" matching affects behavior (teaching). The authors conclude that behavioral game theories limit the amount of rationality and mutual consistency of players. |
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