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The purpose of this contribution is to illustrate how both Schelling and Bacharach’s methodologies can help scholars bring a new approach to behavioral game theory in which the nature of usual standard methodological individualism is insufficiently questioned. I aim to show that both Schelling...
Persistent link: https://www.econbiz.de/10011212862
The paper focuses on Arrow statistical discrimination theories and Schelling’s models of segregation, and how their work can be considered as an illustration of “the introduction of the same policy tools [as war game theory] into domestic politics in Lyndon B. Johnson’s Great Society...
Persistent link: https://www.econbiz.de/10010784864
The paper purports to stress how the two major contributions of Bacharach: "Variable Frame Theory" (VFT) and "Team Reasoning" (TR) improve Standard Non-Cooperative Game Theory in some relevant aspects which I point out. The aims are to show: (i) how Bacharach respectively justifies coordination...
Persistent link: https://www.econbiz.de/10010860426
In this contribution we relate the respective works of two important economists, Friedrich von Hayek and Michael Bacharach, namely one of the main intellectual leaders of the Austrian Schools and one of the most original game theorists. Hayek and Bacharach are two authors - few in number – who...
Persistent link: https://www.econbiz.de/10011228134
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Chapter 1. Introduction -- Chapter 2. A critical assessment of the evolution of standard game theory -- Chapter 3. Schelling’s reorientation of game theory: toward a theory of interdependent decisions -- Chapter 4. Bacharach: How the Variable Frame and Team Reasoning Theories challenge...
Persistent link: https://www.econbiz.de/10014331008
This paper analyzes the capacity of mobile-payment solutions to improve financial inclusion in developing countries. It elaborates from rural East African countries experiences where mobile payment services have developed rapidly. With a simple dynamic model which rationalizes traders' adoption...
Persistent link: https://www.econbiz.de/10011141019
Space has only recently become a terrain of strenuous economic research. With the New Economic Geography (NEG) integrating into mainstream, many spatial subjects, including territorial, or regional, competitiveness are being increasingly inquired. In line with Krugman (2003), we argue that it is...
Persistent link: https://www.econbiz.de/10011097620