Belief-Dependent Motivations and Psychological Game Theory

Game Theory as Psychological Investigation

Belief Revision for Inductive Game Theory

Inductive game theory captures how a player inductively derives his/her personal views from experiences. The player may have multiple views, some of which differ from the objective situation, but may revise them with further experiences. This paper gives a logical formulation of this revision process by focusing on the role of player’s beliefs. For this objective, we take the AGM approach of be...

APPLICATION OF GAME THEORY IN DYNAMIC COMPETITIVE PRICING WITH ONE PRICE LEADER AND N DEPENDENT FOLLOWERS

 In this research UF cheese pricing is considered and Pegah, Pak, Kaleh, Rouzaneh and Mihan firms’ data, as five main UF cheese competitive firms of Iran in breakfast cheese competitive market, is used. By using these firm’s sales data, production data and price of each ton of UF cheese in nineteen work-periods (each work-period is 6 months), their sales equations are estimated for each work-pe...

Managing Psychological Motivations in Contests

This paper studies how a firm can manage an agent’s psychological motivations in a contest through the design of incentive structures and disclosure schemeshow the contest outcomes are publicly announced. We run a set of laboratory experiments involving contests among salespeople and use the data to examine the levels of psychological motivations. We develop two new methods to separate the eff...

Beliefs, intentions, and evolution: Old versus new psychological game theory

We compare Colman's proposed "psychological game theory" with the existing literature on psychological games (Geanakoplos et ill. 1989), in which beliefs and intentions assume a prominent role. We also discuss experimental evidence on intentions, with a particular emphasis on reciprocal behavior, as well as recent efforts to show that such behavior is consistent with social evolution. Andrew Co...