This project intends to analyze and adapt game-theoretical features to the findings of Behavioral and Experimental Economics. It aims, in its essence, to better describe human decision-making and strategic thinking; to merge some of the behavioral and psychological concepts into a flexible and hybrid model. It is not the objective of this project to negate or change the mathematical features of game theory, that, when seen as a branch of applied mathematics, are not incorrect. Instead, it is intended to adapt the game-theoretic tools to the object of study of economics (i.e., the agent), and to allow for the better understanding of human behavior, especially in situations of decision-making and strategic interaction. Hence, among the main features of this project, we highlight: (i) the introduction of a decision and behavior rule based not only on the expected utility theory, but on alternative theories, such as, prospect theory, social preferences, belief-based models, and reference-dependent preferences; (ii) the consideration of cognitive limitations, heuristics, anchors, and biases. Regarding the organization. On the first part, a critical literature review, and analysis is made. It follows a theoretical approach to simultaneous non-cooperative games, with the inclusion and/or modification of behavioral features. It develops as a natural extension the analysis in a dynamic context. Finally, some applications are made.

Research Proposal on Game Theory / R.M. CONSTANTINO DA SILVA. - [s.l] : Internal Seminar, 2016 Sep.

Research Proposal on Game Theory

R.M. CONSTANTINO DA SILVA
Primo
2016

Abstract

This project intends to analyze and adapt game-theoretical features to the findings of Behavioral and Experimental Economics. It aims, in its essence, to better describe human decision-making and strategic thinking; to merge some of the behavioral and psychological concepts into a flexible and hybrid model. It is not the objective of this project to negate or change the mathematical features of game theory, that, when seen as a branch of applied mathematics, are not incorrect. Instead, it is intended to adapt the game-theoretic tools to the object of study of economics (i.e., the agent), and to allow for the better understanding of human behavior, especially in situations of decision-making and strategic interaction. Hence, among the main features of this project, we highlight: (i) the introduction of a decision and behavior rule based not only on the expected utility theory, but on alternative theories, such as, prospect theory, social preferences, belief-based models, and reference-dependent preferences; (ii) the consideration of cognitive limitations, heuristics, anchors, and biases. Regarding the organization. On the first part, a critical literature review, and analysis is made. It follows a theoretical approach to simultaneous non-cooperative games, with the inclusion and/or modification of behavioral features. It develops as a natural extension the analysis in a dynamic context. Finally, some applications are made.
game theory; solution concept; behavioral and mathematical constraints; expectations and beliefs
Settore SECS-P/01 - Economia Politica
Working Paper
Research Proposal on Game Theory / R.M. CONSTANTINO DA SILVA. - [s.l] : Internal Seminar, 2016 Sep.
File in questo prodotto:
Non ci sono file associati a questo prodotto.
Pubblicazioni consigliate

Caricamento pubblicazioni consigliate

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/2434/481214
Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus ND
  • ???jsp.display-item.citation.isi??? ND
social impact