Initial Responses in Strategic Situations

  • Nagore Iriberri
  • Pedro Rey-Biel
Chapter

Abstract

In this chapter we analyze the behavior of individuals when facing strategic situations for the first time. First, we motivate our study through simple examples where, for different reasons, behavior may differ from the Nash equilibrium prediction. Subsequently, we describe different models that have been used to account for alternative types of behavior in novel situations. Finally, we explain the most common experimental techniques used to analyze the validity of such models in different strategic situations.

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Copyright information

© Nagore Iriberri and Pedro Rey-Biel 2015

Authors and Affiliations

  • Nagore Iriberri
  • Pedro Rey-Biel

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