Article

Rationality and Game Theory

Cristina Bicchieri

in The Oxford Handbook of Rationality

Published in print February 2004 | ISBN: 9780195145397
Published online September 2009 | | DOI: http://dx.doi.org/10.1093/oxfordhb/9780195145397.003.0010
 Rationality and Game Theory

More Like This

Show all results sharing these subjects:

  • Philosophy
  • Philosophy of Mathematics and Logic
  • Epistemology
  • Philosophy of Science

GO

Show Summary Details

Preview

This article on rationality and game theory deals with the modeling of interaction between decision makers. Game theory aims to understand situations in which decision makers interact. Chess is an example of such interaction, as are firms competing for business, politicians competing for votes, jury members deciding on a verdict, animals fighting over prey, bidders competing in auctions, threats and punishments in long-term relationships, and so on. What all these situations have in common is that the outcome of the interaction depends on what the parties jointly do. Rationality assumptions and equilibrium play are the basic ingredients of game theory. The main focus of this article is on the relationship between rationality assumptions and equilibrium play.

Keywords: rationality; game theory; decision makers; jury members; equilibrium play

Article.  9606 words. 

Subjects: Philosophy ; Philosophy of Mathematics and Logic ; Epistemology ; Philosophy of Science

Full text: subscription required

How to subscribe Recommend to my Librarian

Buy this work at Oxford University Press »

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.