Behavioral Game Theory
The study of strategic decision making, incorporating psychological insights into traditional game theory models.
84 topics found for
“behavior prediction”
Extinction Burst
A temporary increase in the frequency and intensity of a behavior when reinforcement is first removed.
Peltzman Effect
The hypothesis that safety measures may lead to behavioral changes that offset the benefits of the measures, potentially leading to risk compensation.
Standard Economic Model
A theoretical framework in economics that assumes individuals act rationally and seek to maximize utility, used to predict economic behavior and outcomes.
Risk Compensation
The theory that people adjust their behavior in response to the perceived level of risk, often taking more risks when they feel more protected.
Prospect Theory
A behavioral economic theory that describes how people choose between probabilistic alternatives that involve risk, where the probabilities of outcomes are known.
Allais Paradox
A decision-making paradox that shows people's preferences can violate the expected utility theory, highlighting irrational behavior.
Affective Forecasting
The process of predicting how one will feel in the future, which often involves biases and inaccuracies.
Projection Bias
The tendency to overestimate how much our future preferences and behaviors will align with our current preferences and behaviors.