Game Theory, Experience, Rationality

Game Theory, Experience, Rationality : Foundations of Social Sciences, Economics and Ethics in honor of John C. Harsanyi

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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.
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Product details

  • Hardback | 461 pages
  • 165.1 x 241.3 x 33.02mm | 771.1g
  • Dordrecht, Netherlands
  • English
  • 1998 ed.
  • X, 461 p.
  • 0792349431
  • 9780792349433
  • 2,329,640

Table of contents

Editorial. Introduction. Articles. Keynote Lecture. I. Rationality and the Foundations of the Social Sciences. II. Cooperation and Rationality. III. Rationality and Economics. IV. Bayesian Theory and Rationality. V. Evolutionary Game Theory and Game Dynamics. VI. Ethics and Game Theory. VII. Applications of Game Theory. Report - Documentation. Review Essay. Reviews. Activities of the Institute Vienna Circle. Survey 1997. Preview 1998. Index of Names.
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Review quote

`... the book is recommended to all who want to get first-hand information on rationality and what game theory can and cannot contribute.'
OR News, 8 (2000)
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