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This essay reviews new histories of the role of game theory and rational decision-making in shaping the social sciences, economics among them, in the post war period. The recent books "The World the Game Theorists Made" by Paul Erickson and "How Reason Almost Lost Its Mind" by Paul Erickson,...
Persistent link: https://www.econbiz.de/10011524189
Non-cooperative game theoretical models of international environmental agreements (IEAs) use the assumption that coalition of signatories maximize their joint welfare. The joint maxi- mization assumption is compared with di®erent sharing pro¯t schemes such as Shapley value, Nash bargaining...
Persistent link: https://www.econbiz.de/10005463821
We examine a market in which consumers are forced to rely on noisy price signals to select between homogeneous products. The noise originates either from firms' price obfuscation or consumers' bounded information processing capabilities. Standard models and empirical experiments of markets with...
Persistent link: https://www.econbiz.de/10011114430
Decision analysis has traditionally been applied to choices under uncertainty involving a single decision maker. Game theory has been applied to solving games of strategic interaction between two or more players. Building upon recent work of van Binsbergen and Marx (2007. Exploring relations...
Persistent link: https://www.econbiz.de/10005014726
We investigate the stability of International Environmental Agreements (IEA) by applying game theory. The paper extends further our previous research on farsightedly stable coalitions and preferred farsightedly stable coalitions (Osmani & Tol 2007). The integrated assessment model FUND provides...
Persistent link: https://www.econbiz.de/10005634580
Game theory is used to analyze the formation and stability of coalitions for environmental protection. The paper extends further our previous research on farsightedly stable coalitions and preferred farsightedly stable coalitions (Osmani & Tol 2007a). The integrated assessment model FUND...
Persistent link: https://www.econbiz.de/10005634620
Many researchers have found game theory a useful method for analyzing internationalenvironmental problems. However, game theory has been criticized for being too theoretical,abstracting from too many practical problems and being based on very specific assumptions.This article tries to qualify...
Persistent link: https://www.econbiz.de/10005868366
This essay reviews new histories of the role of game theory and rational decision-making in shaping the social sciences, economics among them, in the post war period. The recent books The World the Game Theorists Made by Paul Erickson and How Reason Almost Lost Its Mind by Paul Erickson, Judy...
Persistent link: https://www.econbiz.de/10011592253
The digital revolution of the information age and in particular the sweeping changes of scientific communication brought about by computing and novel communication technology, potentiate global, high grade scientific information for free. The arXiv for example is the leading scientific...
Persistent link: https://www.econbiz.de/10005035014
The paper suggests that military history should be subjected to modelling based on the mathematical theories of rational choice, and especially the theory of games. This suggestion primarily concerns military events that have already been reported in narratives focusing on the agents'...
Persistent link: https://www.econbiz.de/10005057416