Game Theory Experience Rationality
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Game Theory Experience Rationality
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Author : W. Leinfellner
language : en
Publisher: Springer Science & Business Media
Release Date : 2013-06-29
Game Theory Experience Rationality written by W. Leinfellner and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-06-29 with Business & Economics categories.
When von Neumann's and Morgenstern's Theory of Games and Economic Behavior appeared in 1944, one thought that a complete theory of strategic social behavior had appeared out of nowhere. However, game theory has, to this very day, remained a fast-growing assemblage of models which have gradually been united in a new social theory - a theory that is far from being completed even after recent advances in game theory, as evidenced by the work of the three Nobel Prize winners, John F. Nash, John C. Harsanyi, and Reinhard Selten. Two of them, Harsanyi and Selten, have contributed important articles to the present volume. This book leaves no doubt that the game-theoretical models are on the right track to becoming a respectable new theory, just like the great theories of the twentieth century originated from formerly separate models which merged in the course of decades. For social scientists, the age of great discover ies is not over. The recent advances of today's game theory surpass by far the results of traditional game theory. For example, modem game theory has a new empirical and social foundation, namely, societal experiences; this has changed its methods, its "rationality. " Morgenstern (I worked together with him for four years) dreamed of an encompassing theory of social behavior. With the inclusion of the concept of evolution in mathematical form, this dream will become true. Perhaps the new foundation will even lead to a new name, "conflict theory" instead of "game theory.
Collective Rationality
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Author : Paul Weirich
language : en
Publisher: OUP USA
Release Date : 2010
Collective Rationality written by Paul Weirich and has been published by OUP USA this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with Business & Economics categories.
Groups of people perform acts that are subject to standards of rationality. The book's theory of collective rationality explains how to evaluate collective acts. The people engaged in a game of strategy collectively produce an outcome, and the theory reveals what makes some outcomes solutions. It generates new equilibrium standards for solutions to cooperative games.
On Coordination In Non Cooperative Game Theory
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Author : Lauren Larrouy
language : en
Publisher: Springer Nature
Release Date : 2023-08-17
On Coordination In Non Cooperative Game Theory written by Lauren Larrouy and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-08-17 with Business & Economics categories.
By offering a critical assessment of the evolution of standard game theory, this book argues for a shift in the ontology and methodology of game theory for appraising games, one based on understanding the players’ strategic reasoning process. Analyzing the history of economic thought, the book highlights the methodological issues faced by standard game theory in its treatment of strategic reasoning and the consequence it has on the status of players’ beliefs. It also highlights how the two original contributions of T. C. Schelling and M. Bacharach can be applied to these issues. Furthermore, the book assesses the intersubjective dimension in games by applying the cognitive sciences and by integrating simulation theory into game theory. Consequently, this book offers an interdisciplinary approach for reassessing the nature of the intersubjectivity involved in strategic reasoning. It shows that the analysis of games should involve the study and identification of the reasoning process that leads the players to a specific outcome, i.e., to a specific solution. A game should not be understood (as is done in standard game theory) as a mathematical representation of an individual choice at equilibrium. This requires investigating the players’ capacity for coordination. Understanding the process of coordination allows us to understand strategic reasoning and ultimately to provide new answers to the indeterminacy problem, one of the central hurdles in game theory, and one that underscores its normative difficulties.
The Handbook Of Rationality
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Author : Markus Knauff
language : en
Publisher: MIT Press
Release Date : 2021-12-14
The Handbook Of Rationality written by Markus Knauff and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-12-14 with Psychology categories.
The first reference on rationality that integrates accounts from psychology and philosophy, covering descriptive and normative theories from both disciplines. Both analytic philosophy and cognitive psychology have made dramatic advances in understanding rationality, but there has been little interaction between the disciplines. This volume offers the first integrated overview of the state of the art in the psychology and philosophy of rationality. Written by leading experts from both disciplines, The Handbook of Rationality covers the main normative and descriptive theories of rationality—how people ought to think, how they actually think, and why we often deviate from what we can call rational. It also offers insights from other fields such as artificial intelligence, economics, the social sciences, and cognitive neuroscience. The Handbook proposes a novel classification system for researchers in human rationality, and it creates new connections between rationality research in philosophy, psychology, and other disciplines. Following the basic distinction between theoretical and practical rationality, the book first considers the theoretical side, including normative and descriptive theories of logical, probabilistic, causal, and defeasible reasoning. It then turns to the practical side, discussing topics such as decision making, bounded rationality, game theory, deontic and legal reasoning, and the relation between rationality and morality. Finally, it covers topics that arise in both theoretical and practical rationality, including visual and spatial thinking, scientific rationality, how children learn to reason rationally, and the connection between intelligence and rationality.
Diplomacy Games
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Author : Rudolf Avenhaus
language : en
Publisher: Springer Science & Business Media
Release Date : 2007-05-11
Diplomacy Games written by Rudolf Avenhaus and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-05-11 with Political Science categories.
In this book, leading experts in international negotiations present formal models of conflict resolution and international negotiations. Besides the description of different models and approaches, the book answers three questions: How can the abstract concepts and results of rational choice theorists be made more understandable and plausible to political and social scientists not trained to work with formal models? What can be done to encourage practitioners to use not only simple but also mathematically advanced approaches in their analysis of real world negotiation problems? How can practitioners (e.g., politicians and diplomats) become interested in, take into account, and apply formal models of their more important problems?
Game Theory And Economic Behaviour
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Author : Reinhard Selten (Economist, Germany)
language : en
Publisher: Edward Elgar Publishing
Release Date : 1999-03-24
Game Theory And Economic Behaviour written by Reinhard Selten (Economist, Germany) and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999-03-24 with categories.
'These two volumes constitute an impressive collection of selected path-breaking works of Professor Selten. . . . Edward Elgar Publications deserve merit for bringing out most frequently-cited and prominent articles of Professor Selten in a conveniently available package.' - K. Ravikumar, Journal of Scientific and Industrial Research In 1994, the Nobel Prize was awarded to Reinhard Selten, John Nash and John Harsanyi, for pioneering analysis in game theory. Selten was the first to refine the Nash equilibrium concept of non-cooperative games for analysing dynamic strategic interaction and to apply these concepts to analyses of oligopoly.
Philosophy Of Economics
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Author :
language : en
Publisher: Elsevier
Release Date : 2012-04-23
Philosophy Of Economics written by and has been published by Elsevier this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-04-23 with Philosophy categories.
Part of the Handbook of the Philosophy of Science Series edited by: Dov M. Gabbay King's College, London, UK;Paul Thagard University of Waterloo, Canada; and John Woods University of British Columbia, Canada. Philosophy of Economics investigates the foundational concepts and methods of economics, the social science that analyzes the production, distribution and consumption of goods and services. This groundbreaking collection, the most thorough treatment of the philosophy of economics ever published, brings together philosophers, scientists and historians to map out the central topics in the field. The articles are divided into two groups. Chapters in the first group deal with various philosophical issues characteristic of economics in general, including realism and Lakatos, explanation and testing, modeling and mathematics, political ideology and feminist epistemology. Chapters in the second group discuss particular methods, theories and branches of economics, including forecasting and measurement, econometrics and experimentation, rational choice and agency issues, game theory and social choice, behavioral economics and public choice, geographical economics and evolutionary economics, and finally the economics of scientific knowledge. This volume serves as a detailed introduction for those new to the field as well as a rich source of new insights and potential research agendas for those already engaged with the philosophy of economics. - Provides a bridge between philosophy and current scientific findings - Encourages multi-disciplinary dialogue - Covers theory and applications
Evolution And Progress In Democracies
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Author : Johann Götschl
language : en
Publisher: Springer Science & Business Media
Release Date : 2013-03-09
Evolution And Progress In Democracies written by Johann Götschl and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-03-09 with Science categories.
In a ground-breaking series of articles, one of them written by a Nobel Laureate, this volume demonstrates the evolutionary dynamic and the transformation of today's democratic societies into scientific-democratic societies. It highlights the progress of modeling individual and societal evaluation by neo-Bayesian utility theory. It shows how social learning and collective opinion formation work, and how democracies cope with randomness caused by randomizers. Nonlinear `evolution equations' and serial stochastic matrices of evolutionary game theory allow us to optimally compute possible serial evolutionary solutions of societal conflicts. But in democracies progress can be defined as any positive, gradual, innovative and creative change of culturally used, transmitted and stored mentifacts (models, theories), sociofacts (customs, opinions), artifacts and technifacts, within and across generations. The most important changes are caused, besides randomness, by conflict solutions and their realizations by citizens who follow democratic laws. These laws correspond to the extended Pareto principle, a supreme, socioethical democratic rule. According to this principle, progress is any increase in the individual and collective welfare which is achieved during any evolutionary progress. Central to evolutionary modeling is the criterion of the empirical realization of computed solutions. Applied to serial conflict solutions (decisions), evolutionary trajectories are formed; they become the most influential causal attractors of the channeling of societal evolution. Democratic constitutions, legal systems etc., store all advantageous, present and past, adaptive, competitive, cooperative and collective solutions and their rules; they have been accepted by majority votes. Societal laws are codes of statutes (default or statistical rules), and they serve to optimally solve societal conflicts, in analogy to game theoretical models or to statistical decision theory. Such solutions become necessary when we face harmful or advantageous random events always lurking at the edge of societal and external chaos. The evolutionary theory of societal evolution in democracies presents a new type of stochastic theory; it is based on default rules and stresses realization. The rules represent the change of our democracies into information, science and technology-based societies; they will revolutionize social sciences, especially economics. Their methods have already found their way into neural brain physiology and research into intelligence. In this book, neural activity and the creativity of human thinking are no longer regarded as linear-deductive. Only evolutive nonlinear thinking can include multiple causal choices by many individuals and the risks of internal and external randomness; this serves the increasing welfare of all individuals and society as a whole. Evolution and Progress in Democracies is relevant for social scientists, economists, evolution theorists, statisticians, philosophers, philosophers of science, and interdisciplinary researchers.
Observation And Experiment In The Natural And Social Sciences
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Author : Maria Carla Galavotti
language : en
Publisher: Springer Science & Business Media
Release Date : 2006-04-18
Observation And Experiment In The Natural And Social Sciences written by Maria Carla Galavotti and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-04-18 with Science categories.
According to a long tradition in philosophy of science, a clear cut distinction can be traced between a context of discovery and a context of justification. This tradition dates back to the birth of the discipline in connection with the Circles of Vienna and Berlin, in the twenties and thirties of last century. Convicted that only the context of justification is pertinent to philosophy of science, logical empiricists identified its goal with the “rational reconstruction” of scientific knowledge, taken as the clarification of the logical structure of science, through an analysis of its language and methods. Stressing justification as the proper field of application of philosophy of science, logical empiricists intended to leave discovery out of its remit. The context of discovery was then discarded from philosophy of science and left to sociology, psychology and history. The distinction between context of discovery and context of justification goes hand in hand with the tenet that the theoretical side of science can – and should – be kept separate from its observational and experimental components. Further, the final, abstract formulation of theories should be analysed apart from the process behind it, resulting from a tangle of context-dependent factors. This conviction is reflected by the distinction between theoretical and observational sentences underpinning the Hempelian view of theories as nets, whose knots represent theoretical terms, floating on the plane of observation, to which it is anchored by rules of interpretation.
Philosophico Methodological Analysis Of Prediction And Its Role In Economics
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Author : Wenceslao J. Gonzalez
language : en
Publisher: Springer
Release Date : 2015-02-19
Philosophico Methodological Analysis Of Prediction And Its Role In Economics written by Wenceslao J. Gonzalez and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-02-19 with Philosophy categories.
This book develops a philosophico-methodological analysis of prediction and its role in economics. Prediction plays a key role in economics in various ways. It can be seen as a basic science, as an applied science and in the application of this science. First, it is used by economic theory in order to test the available knowledge. In this regard, prediction has been presented as the scientific test for economics as a science. Second, prediction provides a content regarding the possible future that can be used for prescription in applied economics. Thus, it can be used as a guide for economic policy, i.e., as knowledge concerning the future to be employed for the resolution of specific problems. Third, prediction also has a role in the application of this science in the public arena. This is through the decision-making of the agents — individuals or organizations — in quite different settings, both in the realm of microeconomics and macroeconomics. Within this context, the research is organized in five parts, which discuss relevant aspects of the role of prediction in economics: I) The problem of prediction as a test for a science; II) The general orientation in methodology of science and the problem of prediction as a scientific test; III) The methodological framework of social sciences and economics: Incidence for prediction as a test; IV) Epistemology and methodology of economic prediction: Rationality and empirical approaches and V) Methodological aspects of economic prediction: From description to prescription. Thus, the book is of interest for philosophers and economists as well as policy-makers seeking to ascertain the roots of their performance. The style used lends itself to a wide audience.