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  3. Equilibrium and Rationality
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  • Publisher:
    Cambridge University Press
    Publication date:
    18 March 2010
    28 January 1998
    ISBN:
    9780511663727
    9780521593526
    9780521038027
    DOI:
    https://doi.org/10.1017/CBO9780511663727
    Dimensions:
    (228 x 152 mm)
    Weight & Pages:
    0.5kg, 250 Pages
    Dimensions:
    (228 x 152 mm)
    Weight & Pages:
    0.387kg, 252 Pages
    • Subjects:
    Economics, Economic Thought, Philosophy and Methodology, Philosophy of Science, Philosophy
    Series:
    Cambridge Studies in Probability, Induction and Decision Theory
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    • Selected: Digital
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    Subjects:
    Economics, Economic Thought, Philosophy and Methodology, Philosophy of Science, Philosophy
    Series:
    Cambridge Studies in Probability, Induction and Decision Theory
    Information

    Book 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.

    Reviews

    ‘All in all the book is a true tour de force; it is one of the deepest and best-argued game-theoretical treatises I have ever read.’

    Wlodek Rabinowicz - University of Uppsala

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