Editing Behavioral economics (section)

=== Behavioral game theory ===
{{Main|Behavioral game theory}}
Behavioral game theory, invented by [[Colin Camerer]], analyzes interactive [[Strategy (game theory)|strategic]] decisions and behavior using the [[methodology|methods]] of [[game theory]],<ref>{{cite web|last=Auman|first=Robert|author-link=Robert Aumann|title=Game Theory|url=http://www.dictionaryofeconomics.com/articleid=pde2008_G000007&q=game%20theory&topicid=&result_number=3}} in {{harvnb|Palgrave|ref=Palgrave}}</ref> [[Experimental economics#Experimental topics|experimental economics]], and [[experimental psychology]]. Experiments include testing deviations from typical simplifications of economic theory such as the [[Independence of irrelevant alternatives|independence axiom]]<ref>{{cite journal|last1=Camerer|first1=Colin|last2=Ho|first2=Teck-Hua|date=March 1994|title=Violations of the betweenness axiom and nonlinearity in probability|journal=Journal of Risk and Uncertainty|volume=8|issue=2|pages=167–96|doi=10.1007/bf01065371|author-link1=Colin Camerer|s2cid=121396120}}</ref> and neglect of [[altruism]],<ref>{{cite web|last=Andreoni|first=James|display-authors=etal|title=Altruism in experiments|url=http://www.dictionaryofeconomics.com/article?id=pde008_A000240&edition=current&q=altruism%20game&topicid=&result_number=2}} in {{harvnb|Palgrave|ref=Palgrave}}</ref> [[Fair division|fairness]],<ref>{{cite web|last=Young|first=H. Peyton|author-link=H. Peyton Young|title=Social norms|url=http://www.dictionaryofeconomics.com/article?id=pde2008_S000466&edition=current&q=fairness%20game%20&topicid=&result_number=1}} in {{harvnb|Palgrave|ref=Palgrave}}</ref> and [[Framing effect (psychology)|framing effects]].<ref>{{cite journal|last=Camerer|first=Colin|author-link=Colin Camerer|year=1997|title=Progress in behavioral game theory|url=http://www.hss.caltech.edu/content/progress-and-behavioral-game-theory|url-status=dead|journal=Journal of Economic Perspectives|volume=11|issue=4|page=172|doi=10.1257/jep.11.4.167|archive-url=https://web.archive.org/web/20171223112437/http://www.hss.caltech.edu/content/progress-and-behavioral-game-theory|archive-date=2017-12-23|access-date=2014-10-31}} [http://authors.library.caltech.edu/22122/1/2138470%5B1%5D.pdf Pdf version.] {{Webarchive|url=https://web.archive.org/web/20120531215826/http://authors.library.caltech.edu/22122/1/2138470%5B1%5D.pdf |date=May 31, 2012 }}</ref> On the [[positive economics|positive]] side, the method has been applied to interactive learning<ref>{{cite web|last=Ho|first=Teck H.|year=2008|title=Individual learning in games|url=http://www.dictionaryofeconomics.com/article?id=pde2008_L000055}} in {{harvnb|Palgrave|ref=Palgrave}}</ref> and [[social preference]]s.<ref>{{cite journal|last1=Dufwenberg|first1=Martin|last2=Kirchsteiger|first2=Georg|year=2004|title=A Theory of Sequential reciprocity|journal=Games and Economic Behavior|volume=47|issue=2|pages=268–98|citeseerx=10.1.1.124.9311|doi=10.1016/j.geb.2003.06.003|s2cid=2508835 }}</ref><ref>{{cite web|last=Gul|first=Faruk|author-link=Faruk Gul|year=2008|title=Behavioural economics and game theory|url=http://www.dictionaryofeconomics.com/article?id=pde2008_G000210&edition=current&q=behavioural%20economics%20&topicid=&result_number=2}} in {{harvnb|Palgrave|ref=Palgrave}}</ref><ref>{{cite web|last=Camerer|first=Colin F.|author-link=Colin F. Camerer|year=2008|title=Behavioral game theory|url=http://www.dictionaryofeconomics.com/article?id=pde2008_B000302&q=Behavioral%20economics%20&topicid=&result_number=13}} in {{harvnb|Palgrave|ref=Palgrave}}</ref> As a research program, the subject is a development of the last three decades.<ref>{{cite book|last=Camerer|first=Colin|url={{google books |plainurl=y |id=cr_Xg7cRvdcC}}|title=Behavioral game theory: experiments in strategic interaction|publisher=Russell Sage Foundation Princeton University Press|year=2003|isbn=978-0-691-09039-9|location=New York, New York Princeton, New Jersey|author-link=Colin Camerer}}</ref><ref>{{cite book|last1=Loewenstein|first1=George|url=http://press.princeton.edu/titles/8437.html|title=Advances in Behavioral Economics 1986–2003 papers|last2=Rabin|first2=Matthew|year=2003|location=Princeton|publisher=Princeton University Press|author-link1=George Loewenstein|author-link2=Matthew Rabin}}</ref><ref>{{cite journal|last=Fudenberg|first=Drew|author-link=Drew Fudenberg|year=2006|title=Advancing Beyond Advances in Behavioral Economics|journal=Journal of Economic Literature|volume=44|issue=3|pages=694–711|citeseerx=10.1.1.1010.3674|doi=10.1257/jel.44.3.694|jstor=30032349|s2cid=3490729 }}</ref><ref>{{cite book|last=Crawford|first=Vincent P.|title=Advances in Economics and Econometrics: Theory and Applications|year=1997|isbn=9781139052009|editor1-last=Kreps|editor1-first=David M.|editor2-last=Wallis|editor2-first=Kenneth F|location=Cambridge|publisher=Cambridge University Press|pages=206–42|chapter-url=http://weber.ucsd.edu/~vcrawfor/CrawfordThExp97.pdf|chapter=Theory and Experiment in the Analysis of Strategic Interaction|citeseerx=10.1.1.298.3116|doi=10.1017/CCOL521580110.007}}</ref><ref>{{cite book|last=Shubik|first=Martin|title=Game Theory and Experimental Gaming|publisher=Elsevier|year=2002|isbn=9780444894281|editor-last1=Aumann and|editor-first1=R.|series=Handbook of Game Theory with Economic Applications|volume=3|pages=2327–51|chapter=Chapter 62 Game theory and experimental gaming|doi=10.1016/S1574-0005(02)03025-4|author-link=Martin Shubik|editor-last2=Hart|editor-first2=S.}}</ref><ref>{{cite book|last1=Plott|first1=Charles R.|title=Game Theory and Experimental Gaming#Handbook of Game Theory with Economic Applications|last2=Smith|first2=Vernon l|publisher=Elsevier|year=2002|isbn=978-0-444-82642-8|editor-last1=Aumann and|editor-first1=R.|series=Handbook of Experimental Economics Results|volume=4|pages=387–615|chapter=45–66|doi=10.1016/S1574-0722(07)00121-7|editor-last2=Hart|editor-first2=S.}}</ref><ref>''[[Games and Economic Behavior]]'' (journal), Elsevier. [http://www.journals.elsevier.com/games-and-economic-behavior Online]</ref>