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Study with Quizlet and memorize flashcards containing terms like What Is Game Theory?, The Basics of Game Theory, Game Theory Definitions and more.
Study with Quizlet and memorize flashcards containing terms like game theory, 3 parts of a game theory, prisoner's dilemma and more.
The study of rational behavior of individuals in interdependent situations. Game theory develops a framework for thinking about strategic interactions because most games and winning and losing in real life is not set in stone.
In contrast to traditional game theory, behavioral game theory uses empirical models to explain how social preferences, such as ideals of fairness, efficiency or equity, influence human decisions and strategic reasoning.
Games are a powerful tool to identify the neural and psychological mechanisms underlying interpersonal and group cooperation and coordination. Here we discuss recent developments in how experimental games are used and adapted, with an increased focus on repeated interactions, partner control through sanctioning, and partner (de)selection for ...
22 wrz 2023 · While game theory can be used and explored across a variety of fields, it can also be used in the context of human psychology. By using methods such as eye trackers, electroencephalography ( EEG ), and galvanic skin response (GSR), researchers can understand the decision-making process within games.
1 mar 2019 · Game theory was originally an economic and mathematical theory that predicted that human interaction had the characteristics of a game, including strategies, winners and losers, rewards and punishment, and profits and cost.
