Equilibrium and Rationality:Game Theory Revised by Decision Rules (Cambridge Studies in Probability, Induction and Decision Theory)

by: Paul Weirich (Author)

Publisher: Cambridge University Press

Publication Date: 1998/1/28

Language: English

Print Length: 250 pages

ISBN-10: 0521593522

ISBN-13: 9780521593526

Book Description

This book represents a major contribution to game theory. It offers a new conception of equilibrium in games:strategic equilibrium. This new conception arises from a study of expected utility decision principles, which must be revised to take account of the evidence a choice provides conceing its outcome. In synthesizing decision theory and game theory in a powerful new way this book will be of particular interest to all philosophers conceed with decision theory and game theory as well as economists and other social scientists.

About the Author

This book represents a major contribution to game theory. It offers a new conception of equilibrium in games:strategic equilibrium. This new conception arises from a study of expected utility decision principles, which must be revised to take account of the evidence a choice provides conceing its outcome. In synthesizing decision theory and game theory in a powerful new way this book will be of particular interest to all philosophers conceed with decision theory and game theory as well as economists and other social scientists.