Epistemic Game Theory

Epistemic Game Theory PDF Author: Andrés Perea
Publisher: Cambridge University Press
ISBN: 1107008913
Category : Business & Economics
Languages : en
Pages : 581

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Book Description
The first textbook to explain the principles of epistemic game theory.

Epistemic Game Theory

Epistemic Game Theory PDF Author: Andrés Perea
Publisher: Cambridge University Press
ISBN: 1107008913
Category : Business & Economics
Languages : en
Pages : 581

Get Book

Book Description
The first textbook to explain the principles of epistemic game theory.

Epistemic Game Theory

Epistemic Game Theory PDF Author: Andrés Perea
Publisher: Cambridge University Press
ISBN: 1139510541
Category : Business & Economics
Languages : en
Pages : 581

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Book Description
In everyday life we must often reach decisions while knowing that the outcome will not only depend on our own choice, but also on the choices of others. These situations are the focus of epistemic game theory. Unlike classical game theory, it explores how people may reason about their opponents before they make their final choice in a game. Packed with examples and practical problems based on stories from everyday life, this is the first textbook to explain the principles of epistemic game theory. Each chapter is dedicated to one particular, natural way of reasoning. The book then shows how each of these ways of reasoning will affect the final choices that can rationally be made and how these choices can be found by iterative procedures. Moreover, it does so in a way that uses elementary mathematics and does not presuppose any previous knowledge of game theory.

Explaining Games

Explaining Games PDF Author: Boudewijn de Bruin
Publisher: Springer Science & Business Media
ISBN: 1402099061
Category : Science
Languages : en
Pages : 178

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Book Description
Does game theory - the mathematical theory of strategic interaction - provide genuine explanations of human behaviour? Can game theory be used in economic consultancy or other normative contexts? Explaining Games: The Epistemic Programme in Game Theory - the first monograph on the philosophy of game theory - is a bold attempt to combine insights from epistemic logic and the philosophy of science to investigate the applicability of game theory in such fields as economics, philosophy and strategic consultancy. De Bruin proves new mathematical theorems about the beliefs, desires and rationality principles of individual human beings, and he explores in detail the logical form of game theory as it is used in explanatory and normative contexts. He argues that game theory reduces to rational choice theory if used as an explanatory device, and that game theory is nonsensical if used as a normative device. A provocative account of the history of game theory reveals that this is not bad news for all of game theory, though. Two central research programmes in game theory tried to find the ultimate characterisation of strategic interaction between rational agents. Yet, while the Nash Equilibrium Refinement Programme has done badly thanks to such research habits as overmathematisation, model-tinkering and introversion, the Epistemic Programme, De Bruin argues, has been rather successful in achieving this aim.

The Bounds of Reason

The Bounds of Reason PDF Author: Herbert Gintis
Publisher: Princeton University Press
ISBN: 0691160848
Category : Business & Economics
Languages : en
Pages : 283

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Book Description
Game theory is central to understanding human behavior and relevant to all of the behavioral sciences—from biology and economics, to anthropology and political science. However, as The Bounds of Reason demonstrates, game theory alone cannot fully explain human behavior and should instead complement other key concepts championed by the behavioral disciplines. Herbert Gintis shows that just as game theory without broader social theory is merely technical bravado, so social theory without game theory is a handicapped enterprise. This edition has been thoroughly revised and updated. Reinvigorating game theory, The Bounds of Reason offers innovative thinking for the behavioral sciences.

Interactive Epistemology

Interactive Epistemology PDF Author: Robert J. Aumann
Publisher: World Scientific Economic Theo
ISBN: 9789811227325
Category : Business & Economics
Languages : en
Pages : 0

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Book Description
Robert J Aumann has received numerous prizes, including the Nobel Memorial Prize in Economic Sciences for 2005.With his 1976 paper, 'Agreeing to Disagree', Robert Aumann pioneered the subject of interactive epistemology: the study of what people know, and what they know about what others know. Since then, the discipline has burgeoned enormously. This book documents Aumann's work leading to the 1976 paper and his subsequent contributions to the discipline. The scientific controversies emanating from his work are also included.

The Language of Game Theory

The Language of Game Theory PDF Author: Adam Brandenburger
Publisher: World Scientific
ISBN: 981451344X
Category : Mathematics
Languages : en
Pages : 298

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Book Description
This volume contains eight papers written by Adam Brandenburger and his co-authors over a period of 25 years. These papers are part of a program to reconstruct game theory in order to make how players reason about a game a central feature of the theory. The program OCo now called epistemic game theory OCo extends the classical definition of a game model to include not only the game matrix or game tree, but also a description of how the players reason about one another (including their reasoning about other players' reasoning). With this richer mathematical framework, it becomes possible to determine the implications of how players reason for how a game is played. Epistemic game theory includes traditional equilibrium-based theory as a special case, but allows for a wide range of non-equilibrium behavior. Sample Chapter(s). Foreword (39 KB). Introduction (132 KB). Chapter 1: An Impossibility Theorem on Beliefs in Games (299 KB). Contents: An Impossibility Theorem on Beliefs in Games (Adam Brandenburger and H Jerome Keisler); Hierarchies of Beliefs and Common Knowledge (Adam Brandenburger and Eddie Dekel); Rationalizability and Correlated Equilibria (Adam Brandenburger and Eddie Dekel); Intrinsic Correlation in Games (Adam Brandenburger and Amanda Friedenberg); Epistemic Conditions for Nash Equilibrium (Robert Aumann and Adam Brandenburger); Lexicographic Probabilities and Choice Under Uncertainty (Lawrence Blume, Adam Brandenburger, and Eddie Dekel); Admissibility in Games (Adam Brandenburger, Amanda Friedenberg and H Jerome Keisler); Self-Admissible Sets (Adam Brandenburger and Amanda Friedenberg). Readership: Graduate students and researchers in the fields of game theory, theoretical computer science, mathematical logic and social neuroscience."

Collective Action and Exchange

Collective Action and Exchange PDF Author: William D. Ferguson
Publisher: Stanford University Press
ISBN: 0804785562
Category : Business & Economics
Languages : en
Pages : 447

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Book Description
In Collective Action and Exchange: A Game-Theoretic Approach to Contemporary Political Economy, William D. Ferguson presents a comprehensive political economy text aimed at advanced undergraduates in economics and graduate students in the social sciences. The text utilizes collective action as a unifying concept, arguing that collective-action problems lie at the foundation of market success, market failure, economic development, and the motivations for policy. Ferguson draws on information economics, social preference theory, cognition theory, institutional economics, as well as political and policy theory to develop this approach. The text uses classical, evolutionary, and epistemic game theory, along with basic social network analysis, as modeling frameworks. These models effectively bind the ideas presented, generating a coherent theoretic approach to political economy that stresses sometimes overlooked implications.

Epistemic Game Theory and Logic

Epistemic Game Theory and Logic PDF Author: Paul Weirich
Publisher: MDPI
ISBN: 3038424226
Category : Epistemics
Languages : en
Pages : 189

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Book Description
This book is a printed edition of the Special Issue "Epistemic Game Theory and Modal Logic" that was published in Games

Rational Choice and Strategic Conflict

Rational Choice and Strategic Conflict PDF Author: Gabriel Frahm
Publisher: Walter de Gruyter GmbH & Co KG
ISBN: 3110596105
Category : Business & Economics
Languages : en
Pages : 356

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Book Description
"This book is refreshing, innovative and important for several reasons. Perhaps most importantly, it attempts to reconcile game theory with one-person decision theory by viewing a game as a collection of one-person decision problems. As natural as this approach may seem, it is hard to find game theory books that really implement this view. This book is a wonderful exception, in which the transition between decision theory and game theory is both smooth and natural. It shows that decision theory and game theory can go—and, in fact, must go—hand in hand. The careful exposition, the many illustrative examples, the critical assessment of traditional game theory concepts, and the enlightening comparison with the subjectivistic approach advocated in this book, make it a pleasure to read and a must have for anyone interested in the foundations of decision theory and game theory." Andrés Perea (Maastricht University) "Gabriel Frahm's relatively nontechnical book is a bold synthesis of decision theory and game theory from a Bayesian or subjectivist perspective. It distinguishes between decisions, or one-person games, and games with two or more players, but Frahm argues that this distinction is not always necessary—the two kinds of games can be analyzed within a common theoretical framework. He models the dynamics of choice in several different settings (e.g., information may be complete or incomplete as well as perfect or imperfect), including one in which players look ahead and make farsighted calculations on which they base their choices. His book contains many provocative examples that illustrate the advantages of a unified theory of rational decision-making." Steven J. Brams (New York University)

Handbook of Game Theory

Handbook of Game Theory PDF Author: Petyon Young
Publisher: Elsevier
ISBN: 0444537678
Category : Mathematics
Languages : en
Pages : 1024

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Book Description
The ability to understand and predict behavior in strategic situations, in which an individual’s success in making choices depends on the choices of others, has been the domain of game theory since the 1950s. Developing the theories at the heart of game theory has resulted in 8 Nobel Prizes and insights that researchers in many fields continue to develop. In Volume 4, top scholars synthesize and analyze mainstream scholarship on games and economic behavior, providing an updated account of developments in game theory since the 2002 publication of Volume 3, which only covers work through the mid 1990s. Focuses on innovation in games and economic behavior Presents coherent summaries of subjects in game theory Makes details about game theory accessible to scholars in fields outside economics