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Understanding Strategic Interaction

Understanding Strategic Interaction Essays in Honor of Reinhard Selten

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Understanding Strategic Interaction

Essays in Honor of Reinhard Selten

Wulf Albers | Werner Güth | Peter Hammerstein | Benny Moldovanu | Eric van Damme

Business & Economics / Econometrics

Strategic interaction occurs whenever it depends on others what one finally obtains: on markets, in firms, in politics etc. Game theorists analyse such interaction normatively, using numerous different methods. The rationalistic approach assumes perfect rationality whereas behavioral theories take into account cognitive limitations of human decision makers. In the animal kingdom one usually refers to evolutionary forces when explaining social interaction. The volume contains innovative contributions, surveys of previous work and two interviews which shed new light on these important topics of the research agenda. The contributions come from highly regarded researchers from all over the world who like to express in this way their intellectual inspiration by the Nobel-laureate Reinhard Selten.

Publication Date: 28 September 2011
Publisher: Springer Berlin Heidelberg
Imprint: Springer
ISBN-13: 9783642644306
Format: Paperback / softback
Page Count: 518

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