Behavioral Game Theory Assumes

question 28

Multiple Choice

Behavioral game theory assumes

• A)people act rationally.
• B)people have limited calculation capability or psychological biases that cause them to act irrationally.
• C)that people behave differently when playing games than when "playing for real."
• D)people overcome their psychological biases.

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Definitions:

Endorphins

Natural pain-relieving peptides produced by the body that also promote feelings of pleasure and well-being.

Cortisol

A steroid hormone released by the adrenal glands in response to stress; plays roles in glucose metabolism, blood pressure regulation, and the immune response.

Serotonin

A neurotransmitter in the brain that regulates mood, appetite, and sleep, among other functions, often associated with feelings of well-being.

Personality

The combination of characteristics or qualities that form an individual's distinctive character, influencing their patterns of thought, feeling, and behavior.