Why is Behavioral Game a Game for Economists? : The concept of beliefs in equilibrium

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Nagatsu , M & Lisciandra , C 2021 , Why is Behavioral Game a Game for Economists? The concept of beliefs in equilibrium . in S Egashira , M Taishido , W Hands & U Mäki (eds) , The genealogy of self-interest in economics . Springer , Singapore , pp. 289-308 . https://doi.org/10.1007/978-981-15-9395-6_17

Titel: Why is Behavioral Game a Game for Economists? : The concept of beliefs in equilibrium
Författare: Nagatsu, Michiru; Lisciandra, Chiara
Editor: Egashira, Susumu; Taishido, Masanobu; Hands, Wade; Mäki, Uskali
Medarbetare: University of Helsinki, Practical Philosophy
Utgivare: Springer
Datum: 2021
Språk: eng
Sidantal: 20
Tillhör serie: The genealogy of self-interest in economics
ISBN: 978-981-15-9394-9
978-981-15-9397-0
978-981-15-9395-6
Permanenta länken (URI): http://hdl.handle.net/10138/329695
Abstrakt: The interdisciplinary exchange between economists and psychologists has so far been more active and fruitful in the modifications of Expected Utility Theory than in those of Game Theory. We argue that this asymmetry may be explained by economists' specific way of doing equilibrium analysis of aggregate-level outcomes in their practice, and by psychologists' reluctance to fully engage with such practice. We focus on the notion of belief that is embedded in economists' practice of equilibrium analysis, more specifically Nash equilibrium, and argue that its difference from the psychological counterpart is one of the factors that makes interdisciplinary exchange in behavioral game theory more difficult.
Subject: 511 Economics
History of economic thought
History of Economics
611 Philosophy
philosophy of science
philosophy of economics
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