Chapter V
Behavioral Game Theory
0 of 5 lessons complete
About this chapter
What humans actually do. Bounded rationality, level-k thinking, fairness.
What you will learn
- Compare theoretical predictions to real human behavior.
- Recognize bounded rationality and its consequences.
- Think with level-k reasoning ("I think they think...").
- Explain why people reject unfair ultimatum offers.
- Spot behavioral nudges that change strategic play.
Lessons
1.When real people defy theory🔒
2.Bounded rationality🔒
3.Level-k thinking🔒
4.Fairness and the ultimatum game🔒
5.When theory works (and when it doesn't)🔒