Equilibrium and Rationality

Game Theory Revised by Decision Rules

By:

Paul Weirich

Format:

Paperback / softback

Series:

Cambridge Studies in Probability, Induction & Decision Theory

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Description

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.

Release date Australia

July 19th, 2007

Author

Paul Weirich

Audience

Professional & Vocational

Illustrations

51 Line drawings, unspecified

Pages

252

Series

Cambridge Studies in Probability, Induction & Decision Theory

Dimensions

151x228x14

ISBN-13

9780521038027

Product ID

2356651

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