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The Collective Trust Game: An Online Group Adaptation of the Trust Game Based on the HoneyComb Paradigm
Published on: October 20, 2022
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Game theory.
1Department of Economics, University of Arizona, Tucson, AZ 85750-0108, USA.
Wiley Interdisciplinary Reviews. Cognitive Science
|August 25, 2015
Summary
Game theory provides a framework for analyzing interdependent decisions. This toolkit is crucial for understanding human psychology and the rise of behavioral economics.
Area of Science:
- Cognitive Science
- Behavioral Economics
- Game Theory
Background:
- Game theory analyzes situations with interdependent decision-makers.
- It offers insights into human psychology and decision-making processes.
Purpose of the Study:
- To explore the nature of game-theoretic analysis.
- To review the history and applications of game theory.
- To explain its relevance to human psychology and behavioral economics.
Main Methods:
- Conceptual review of game theory principles.
- Historical overview of game theory development.
- Discussion of game theory's application in behavioral economics.
Main Results:
- Game theory is a valuable tool for understanding strategic interactions.
- It illuminates the psychological underpinnings of economic behavior.
- Its role in behavioral economics has significantly grown.
Conclusions:
- Game theory is essential for studying decision-making in interactive contexts.
- Its integration with psychology drives advancements in behavioral economics.
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