UCL logo

UCL Discovery

UCL home » Library Services » Electronic resources » UCL Discovery

Bayesian model of behaviour in economic games

Ray, D; King-Casas, B; Montague, PR; Dayan, P; (2009) Bayesian model of behaviour in economic games. In: (pp. pp. 1345-1352).

Full text not available from this repository.


Classical game theoretic approaches that make strong rationality assumptions have difficulty modeling human behaviour in economic games. We investigate the role of finite levels of iterated reasoning and non-selfish utility functions in a Partially Observable Markov Decision Process model that incorporates game theoretic notions of interactivity. Our generative model captures a broad class of characteristic behaviours in a multi-round Investor-Trustee game. We invert the generative process for a recognition model that is used to classify 200 subjects playing this game against randomly matched opponents.

Type: Proceedings paper
Title: Bayesian model of behaviour in economic games
ISBN-13: 9781605609492
URI: http://discovery.ucl.ac.uk/id/eprint/85059
Downloads since deposit
Download activity - last month
Download activity - last 12 months
Downloads by country - last 12 months

Archive Staff Only

View Item View Item