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Natural Justice

Ken Binmore

Published in print:
2005
Published Online:
January 2007
ISBN:
9780195178111
eISBN:
9780199783670
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195178111.001.0001
Subject:
Economics and Finance, Microeconomics

This book attempts to create an evolutionary theory of fairness. Sharing food is commonplace in the animal kingdom because it insures animals that share against hunger. Anthropologists report that ... More


Schelling's Game Theory: How to Make Decisions

Robert V. Dodge

Published in print:
2012
Published Online:
May 2012
ISBN:
9780199857203
eISBN:
9780199932597
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199857203.001.0001
Subject:
Economics and Finance, Behavioural Economics

Thomas Schelling won the Nobel Prize “for having enhanced our understanding of conflict and cooperation through game-theory analysis.” This came after he had taught a game theory and rational choice ... More


Expanding and Reorienting the Scope of Economic Thinking

James Halteman and Edd Noell

in Reckoning with Markets: The Role of Moral Reflection in Economics

Published in print:
2012
Published Online:
May 2012
ISBN:
9780199763702
eISBN:
9780199932252
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199763702.003.0008
Subject:
Economics and Finance, Financial Economics

This chapter traces efforts to expand the approach of economic thinking to political, legal, social, and religious institutions. Using rational choice analysis, these efforts move the discussion ... More


Game Theory and Economic Modelling

David M. Kreps

Published in print:
1990
Published Online:
November 2003
ISBN:
9780198283812
eISBN:
9780191596568
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/0198283814.001.0001
Subject:
Economics and Finance, Microeconomics

Beginning in the early to the mid‐1970s, non‐cooperative game theory became an important tool of economics. This book is based on a series of lectures given at Oxford, and comments on this use of ... More


Microeconomic Theory: A Concise Course

James Bergin

Published in print:
2005
Published Online:
July 2005
ISBN:
9780199280292
eISBN:
9780191602498
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/0199280290.001.0001
Subject:
Economics and Finance, Microeconomics

Covers a standard range of topics in microeconomics theory. These include decision theory, strategic and extensive form games, the economics of information, bargaining, principal agent problems, ... More


Equilibrium

Ken Binmore

in Natural Justice

Published in print:
2005
Published Online:
January 2007
ISBN:
9780195178111
eISBN:
9780199783670
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195178111.003.0004
Subject:
Economics and Finance, Microeconomics

After demolishing metaphysical notions of moral behavior, John Mackie's Inventing Right and Wrong argues that the way forward is through the study of anthropology and game theory. This chapter begins ... More


The Theory of Decision Making

Jie W Weiss and David J Weiss

in A Science of Decision Making: The Legacy of Ward Edwards

Published in print:
2008
Published Online:
January 2009
ISBN:
9780195322989
eISBN:
9780199869206
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195322989.003.0001
Subject:
Psychology, Cognitive Psychology

This chapter reviews theoretical literature on the economic theory of decision making and the rapidly increasing number of psychological experiments (performed by both psychologists and economists) ... More


Option Games Valuation

Han Smit and Thras Moraitis

in Playing at Acquisitions: Behavioral Option Games

Published in print:
2015
Published Online:
October 2017
ISBN:
9780691140001
eISBN:
9781400852178
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691140001.003.0006
Subject:
Business and Management, Knowledge Management

Valuing uncertainty in strategy requires the development of quantitative models reflecting the conceptual options games view on strategy. The application of fresh ideas based on two major strands in ... More


The Glass Bead Game: Testing Game‐Theoretic Models of Politics

Hugh Ward

in Research Strategies in the Social Sciences: A Guide to New Approaches

Published in print:
1998
Published Online:
November 2003
ISBN:
9780198292371
eISBN:
9780191600159
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198292376.003.0010
Subject:
Political Science, Reference

A summary explanation of rational choice theory, and its development in game theory, as a challenge to conventional social science theories. The example, demonstrating its application to the campaign ... More


Playing for Real: Game Theory

Ken Binmore

Published in print:
2007
Published Online:
May 2007
ISBN:
9780195300574
eISBN:
9780199783748
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195300574.001.0001
Subject:
Economics and Finance, Microeconomics

This book provides an introduction to game theory that seeks to answer all three questions: what is game theory about? How do I apply game theory? Why is game theory right? The topics covered include ... More


Collective Rationality: Equilibrium in Cooperative Games

Paul Weirich

Published in print:
2010
Published Online:
September 2009
ISBN:
9780195388381
eISBN:
9780199866700
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195388381.001.0001
Subject:
Philosophy, Logic/Philosophy of Mathematics

A theory of collective rationality identifies collective acts that are evaluable for rationality and formulates principles for their evaluation. This book argues that a group's act is evaluable for ... More


The Game Theory Narrative and the Myth of the National Security State

Steven Belletto

in No Accident, Comrade: Chance and Design in Cold War American Narratives

Published in print:
2011
Published Online:
May 2012
ISBN:
9780199826889
eISBN:
9780199932382
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199826889.003.0005
Subject:
Literature, 20th-century and Contemporary Literature, American, 20th Century Literature

Chapter five describes a widespread cultural narrative that I term the game theory narrative, which does not name the technical understanding familiar to mathematicians or economists, but rather a ... More


Game Theory: The Next Stage

Eric van Damme

in Economics Beyond the Millennium

Published in print:
1999
Published Online:
November 2003
ISBN:
9780198292111
eISBN:
9780191596537
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198292112.003.0012
Subject:
Economics and Finance, Macro- and Monetary Economics, Microeconomics

Eric van Damme outlines the different perspectives on game theory and emphasizes the practical limits of theory based on completely rational individuals. He argues that we will inevitably be forced ... More


Strategic Interaction and Markets

Jean J. Gabszewicz

Published in print:
2000
Published Online:
November 2003
ISBN:
9780198233411
eISBN:
9780191596292
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/0198233418.001.0001
Subject:
Economics and Finance, Microeconomics

Perfect competition provides a model of a frictionless economy in which economic agents behave independently of each other, abandoning to the market the task of coordinating their individual ... More


The Standard

David M. Kreps

in Game Theory and Economic Modelling

Published in print:
1990
Published Online:
November 2003
ISBN:
9780198283812
eISBN:
9780191596568
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198283814.003.0002
Subject:
Economics and Finance, Microeconomics

Argues that, for purposes of this book, game theory should be judged by the substantive insights it has (or has not) provided into real economic situations.


Rationality Writ Large

Paul Weirich

in Collective Rationality: Equilibrium in Cooperative Games

Published in print:
2010
Published Online:
September 2009
ISBN:
9780195388381
eISBN:
9780199866700
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195388381.003.0001
Subject:
Philosophy, Logic/Philosophy of Mathematics

A committee's passing a resolution may be rational or irrational. Groups of people perform acts that are evaluable for rationality. This observation raises two philosophical questions: What makes a ... More


Oligopoly Theory and the Agreement Requirement

Louis Kaplow

in Competition Policy and Price Fixing

Published in print:
2013
Published Online:
October 2017
ISBN:
9780691158624
eISBN:
9781400846078
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691158624.003.0007
Subject:
Economics and Finance, Economic History

This chapter assesses the relationship between modern oligopoly theory and the meaning of the agreement requirement. Because competition law seeks to regulate oligopoly behavior and, moreover, to ... More


International Relations: Neo‐Realism and Neo‐Liberalism

David Sanders

in A New Handbook of Political Science

Published in print:
1998
Published Online:
November 2003
ISBN:
9780198294719
eISBN:
9780191599361
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198294719.003.0017
Subject:
Political Science, Reference

The neo‐liberal/realism trend in international relations grew from a frustration (specifically of Waltz) with the simplicity and reductionism of realism. Game theoretical rigour and analysis of ... More


Following the Rules: Practical Reasoning and Deontic Constraint

Joseph Heath

Published in print:
2008
Published Online:
January 2009
ISBN:
9780195370294
eISBN:
9780199871230
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195370294.001.0001
Subject:
Philosophy, Logic/Philosophy of Mathematics

This book attempts to show how rule-following can be understood as an essential element of rational action. The first step involves showing how rational choice theory can be modified to incorporate ... More


Game Theory and Human Behavior

Herbert Gintis

in The Bounds of Reason: Game Theory and the Unification of the Behavioral Sciences

Published in print:
2014
Published Online:
October 2017
ISBN:
9780691160849
eISBN:
9781400851348
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691160849.003.0003
Subject:
Sociology, Economic Sociology

Game theory is multiplayer decision theory where the choices of each player affect the payoffs to other players, and the players take this into account in their choice behavior. This chapter ... More


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