Comments on: New Best Game Theory http://www.overcomingbias.com/2008/08/new-best-game-t.html Overcoming Bias is economist Robin Hanson’s blog, on honesty, signaling, disagreement, forecasting, and the far future. Thu, 18 Mar 2010 19:46:22 -0400 http://wordpress.org/?v=2.8.5 hourly 1 By: Overcoming Bias : Newer Best Game Theory http://www.overcomingbias.com/2008/08/new-best-game-t.html#comment-430939 Overcoming Bias : Newer Best Game Theory Sat, 01 Aug 2009 10:00:27 +0000 http://prod.ob.trike.com.au/2008/08/new-best-game-theory.html#comment-430939 [...] Two of the four members of my PhD committee were McKelvey and Palfrey, originators of the “quantual response equilbrium” game theory concept, which for a while seemed to fit experimental data better than other game theories.  A year ago I wrote: [...] [...] Two of the four members of my PhD committee were McKelvey and Palfrey, originators of the “quantual response equilbrium” game theory concept, which for a while seemed to fit experimental data better than other game theories.  A year ago I wrote: [...]

]]> By: Tim http://www.overcomingbias.com/2008/08/new-best-game-t.html#comment-398310 Tim Sun, 28 Sep 2008 13:28:11 +0000 http://prod.ob.trike.com.au/2008/08/new-best-game-theory.html#comment-398310 I think what it means is that regardless of the emphasis/priority that we place on any one issue/factor/parameter, the person is in fact more oriented towards results/payoff as long as they are informed. In other words, people will act on "impulse" and change their their initial beliefs on the fly, when given additional information, in order to maximise the chances of a desirable outcome. I think what it means is that regardless of the emphasis/priority that we place on any one issue/factor/parameter, the person is in fact more oriented towards results/payoff as long as they are informed.

In other words, people will act on “impulse” and change their their initial beliefs on the fly, when given additional information, in order to maximise the chances of a desirable outcome.

]]> By: S G http://www.overcomingbias.com/2008/08/new-best-game-t.html#comment-398309 S G Thu, 14 Aug 2008 21:20:27 +0000 http://prod.ob.trike.com.au/2008/08/new-best-game-theory.html#comment-398309 Come on, Nash equilibrium are not dead because of one paper. There is a huge competition in bounded rationality for the best theory to explain behaviour, this paper offers a nice contribution to the race but it does not end it. (btw Selten who is an author of this paper got a Nobel prize for his work in extending Nash equilibria). Come on, Nash equilibrium are not dead because of one paper. There is a huge competition in bounded rationality for the best theory to explain behaviour, this paper offers a nice contribution to the race but it does not end it. (btw Selten who is an author of this paper got a Nobel prize for his work in extending Nash equilibria).

]]> By: Daniel Reeves http://www.overcomingbias.com/2008/08/new-best-game-t.html#comment-398308 Daniel Reeves Thu, 14 Aug 2008 21:14:28 +0000 http://prod.ob.trike.com.au/2008/08/new-best-game-theory.html#comment-398308 George: From the introduction: <blockquote>Experimental evidence suggests that mixed Nash-equilibrium is not a very good predictorof behavior.</blockquote> So yes, how people <i>do</i> behave, not how they <i>should</i> behave. George:

From the introduction:

Experimental evidence suggests that mixed Nash-equilibrium is not a very good predictorof behavior.

So yes, how people do behave, not how they should behave.

]]> By: George Weinberg http://www.overcomingbias.com/2008/08/new-best-game-t.html#comment-398307 George Weinberg Tue, 12 Aug 2008 17:53:49 +0000 http://prod.ob.trike.com.au/2008/08/new-best-game-theory.html#comment-398307 when you call "impulse balance equilibrium" the winner you mean it provides the most accurate predictions of howpeople actually behave, right? That is, as opposed to how people "should" behave? when you call “impulse balance equilibrium” the winner you mean it provides the most accurate predictions of howpeople actually behave, right? That is, as opposed to how people “should” behave?

]]> By: Tomeh http://www.overcomingbias.com/2008/08/new-best-game-t.html#comment-398306 Tomeh Tue, 12 Aug 2008 13:34:15 +0000 http://prod.ob.trike.com.au/2008/08/new-best-game-theory.html#comment-398306 I dont get it Mind to elaborate? I dont get it

Mind to elaborate?

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