Equilibrium and rationality
game theory revised by decision rules
- ISBN: 9780521038027
- Editorial: Cambridge University Press
- Fecha de la edición: 2007
- Lugar de la edición: Cambridge. Reino Unido
- Colección: Cambridge Studies in Probability, Induction, and Decision Theory
- Encuadernación: Rústica
- Medidas: 24 cm
- Nº Pág.: 233
- Idiomas: Inglés
This book represents a major contribution to game theory. It offers this conception of equilibrium in games: strategic equilibrium. This 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. The argument for these principles distinguishes reasons for action from incentives, and draws on contemporary analyses of counterfactual conditionals. The book also includes a procedure for identifying strategic equilibria in ideal normal-form games. In synthesizing decision theory and game theory in a powerful 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.
