Beyond Equilibrium: Predicting Human Behavior in Normal
By James Wright
It is standard in multiagent settings to assume that agents will adopt Nash
equilibrium strategies. However, studies in experimental economics
demonstrate that Nash equilibrium is a poor description of human players'
actual behaviour. In this study, we consider a wide range of widely-studied
models from behavioural game theory. For what we believe is the first time,
we evaluate each of these models in a meta-analysis, taking as our data set
large-scale and publicly-available experimental data from the literature.
We then propose a modified model that we believe is more suitable for
practical prediction of human behaviour.
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