Equilibrium and Rationality: Game Theory Revised by Decision Rules
, by Paul WeirichNote: Supplemental materials are not guaranteed with Rental or Used book purchases.
- ISBN: 9780521038027 | 0521038022
- Cover: Paperback
- Copyright: 7/23/2007
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.