Rationality And Equilibrium
DOWNLOAD
Download Rationality And Equilibrium PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Rationality And Equilibrium book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
Rationality And Equilibrium
DOWNLOAD
Author : Charalambos D. Aliprantis
language : en
Publisher: Springer Science & Business Media
Release Date : 2006-04-20
Rationality And Equilibrium written by Charalambos D. Aliprantis 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 2006-04-20 with Business & Economics categories.
This book contains a collection of original and state-of-the-art contributions in rational choice and general equilibrium theory. Among the topics are preferences, demand, equilibrium, core allocations, and testable restrictions. The contributing authors are Daniel McFadden, Rosa Matzkin, Emma Moreno-Garcia, Roger Lagunoff, Yakar Kannai, Myrna Wooders, James Moore, Ted Bergstrom, Luca Anderlini, Lin Zhou, Mark Bagnoli, Alexander Kovalenkov, Carlos Herves-Beloso, Michaela Topuzu, Bernard Cornet, Andreu Mas-Colell and Nicholas Yannelis.
Collective Rationality
DOWNLOAD
Author : Paul Weirich
language : en
Publisher: Oxford University Press
Release Date : 2009-12-01
Collective Rationality written by Paul Weirich and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-12-01 with Philosophy categories.
Groups of people perform acts that are subject to standards of rationality. A committee may sensibly award fellowships, or may irrationally award them in violation of its own policies. A theory of collective rationality defines collective acts that are evaluable for rationality and formulates principles for their evaluation. This book argues that a group's act is evaluable for rationality if it is the products of acts its members fully control. It also argues that such an act is collectively rational if the acts of the group's members are rational. Efficiency is a goal of collective rationality, but not a requirement, except in cases where conditions are ideal for joint action and agents have rationally prepared for joint action. The people engaged in a game of strategy form a group, and the combination of their acts yields a collective act. If their collective act is rational, it constitutes a solution to their game. A theory of collective rationality yields principles concerning solutions to games. One principle requires that a solution constitute an equilibrium among the incentives of the agents in the game. In a cooperative game some agents are coalitions of individuals, and it may be impossible for all agents to pursue all incentives. Because rationality is attainable, the appropriate equilibrium standard for cooperative games requires that agents pursue only incentives that provide sufficient reasons to act. The book's theory of collective rationality supports an attainable equilibrium-standard for solutions to cooperative games and shows that its realization follows from individuals' rational acts. By extending the theory of rationality to groups, this book reveals the characteristics that make an act evaluable for rationality and the way rationality's evaluation of an act responds to the type of control its agent exercises over the act. The book's theory of collective rationality contributes to philosophical projects such as contractarian ethics and to practical projects such as the design of social institutions.
Rationality And Equilibrium
DOWNLOAD
Author : Charalambos D. Aliprantis
language : en
Publisher:
Release Date : 2005
Rationality And Equilibrium written by Charalambos D. Aliprantis and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Economics categories.
Equilibrium And Rationality
DOWNLOAD
Author : Paul Weirich
language : en
Publisher: Cambridge University Press
Release Date : 1998-01-28
Equilibrium And Rationality written by Paul Weirich and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998-01-28 with Science categories.
This book represents a major contribution to game theory. It offers a new conception of equilibrium in games: strategic equilibrium. This new conception arises from a study of expected utility decision principles, which must be revised to take account of the evidence a choice provides concerning its outcome. In synthesizing decision theory and game theory in a powerful new way this book will be of particular interest to all philosophers concerned with decision theory and game theory as well as economists and other social scientists.
Collective Rationality
DOWNLOAD
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.
The Oxford Handbook Of Rationality
DOWNLOAD
Author : Alfred R. Mele
language : en
Publisher: Oxford University Press
Release Date : 2004-01-08
The Oxford Handbook Of Rationality written by Alfred R. Mele and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-01-08 with Philosophy categories.
Rationality has long been a central topic in philosophy, crossing standard divisions and categories. It continues to attract much attention in published research and teaching by philosophers as well as scholars in other disciplines, including economics, psychology, and law. The Oxford Handbook of Rationality is an indispensable reference to the current state of play in this vital and interdisciplinary area of study. Twenty-two newly commissioned chapters by a roster of distinguished philosophers provide an overview of the prominent views on rationality, with each author also developing a unique and distinctive argument.
Rationality In Extensive Form Games
DOWNLOAD
Author : Andrés Perea
language : en
Publisher: Springer Science & Business Media
Release Date : 2001-10-31
Rationality In Extensive Form Games written by Andrés Perea 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 2001-10-31 with Business & Economics categories.
This book is concerned with situations in which several persons reach decisions independently and the final consequence depends, potentially, upon each of the decisions taken. Such situations may be described formally by an extensive form game: a mathematical object which specifies the order in which decisions are to be taken, the information available to the decision makers at each point in time, and the consequence that results for each possible combination of decisions. A necessary requirement for rational behavior in such games is that each decision maker should reach a decision that is optimal, given his preferences over his own decisions. This requirement is far from sufficient, however, since every decision maker should in addition base his preferences upon the conjecture that his opponents will act optimally as well. It is this principle that distinguishes noncooperative game theory from one-person decision theory. The main purpose of Rationality in Extensive Form Games is to discuss different formalizations of this principle in extensive form games, such as backward induction, Nash equilibrium, forward induction and rationalizability, under the assumption that the decision makers' preferences are given by subjective expected utility functions. The various formalizations, or rationality criteria, are illustrated by examples, and the relationships among the different criteria are explored.
Rational Behavior And Bargaining Equilibrium In Games And Social Situations
DOWNLOAD
Author : John C. Harsanyi
language : en
Publisher: CUP Archive
Release Date : 1986
Rational Behavior And Bargaining Equilibrium In Games And Social Situations written by John C. Harsanyi and has been published by CUP Archive this book supported file pdf, txt, epub, kindle and other format this book has been release on 1986 with Decision-making categories.
This is a paperback edition of a major contribution to the field, first published in hard covers in 1977. The book outlines a general theory of rational behaviour consisting of individual decision theory, ethics, and game theory as its main branches. Decision theory deals with a rational pursuit of individual utility; ethics with a rational pursuit of the common interests of society; and game theory with an interaction of two or more rational individuals, each pursuing his own interests in a rational manner.
Rationality And Coordination
DOWNLOAD
Author : Cristina Bicchieri
language : en
Publisher: CUP Archive
Release Date : 1997-03-28
Rationality And Coordination written by Cristina Bicchieri and has been published by CUP Archive this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997-03-28 with Business & Economics categories.
. This major new book will be of particular interest not only to philosophers but to decision theorists, political scientists, economists, and researchers in artificial intelligence.
Rationality In Economics
DOWNLOAD
Author : Vernon L. Smith
language : en
Publisher: Cambridge University Press
Release Date : 2007-11-05
Rationality In Economics written by Vernon L. Smith and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-11-05 with Business & Economics categories.
The principal findings of experimental economics are that impersonal exchange in markets converges in repeated interaction to the equilibrium states implied by economic theory, under information conditions far weaker than specified in the theory. In personal, social, and economic exchange, as studied in two-person games, cooperation exceeds the prediction of traditional game theory. This book relates these two findings to field studies and applications and integrates them with the main themes of the Scottish Enlightenment and with the thoughts of F. A. Hayek: through emergent socio-economic institutions and cultural norms, people achieve ends that are unintended and poorly understood. In cultural changes, the role of constructivism, or reason, is to provide variation, and the role of ecological processes is to select the norms and institutions that serve the fitness needs of societies.