Monthly Archives: July 2011

Wily Self-interest

In the psychology lab, experimental versions of formal games often fail  to elicit the behavior which the experimenters expect based on their understanding of game theory. These results do not necessarily say much about the prevalence of cold, calculating, self-interested rationality. Some results might be occasions to think about what the player really gains by his or her behavior, and what problems reason is actually being asked to solve.  Continue reading

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Filed under Inference and choice