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Models of Strategic Rationality

  • Book
  • © 1988

Overview

Authors:
  1. Reinhard Selten

    1. University of Bonn, Germany

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Part of the book series: Theory and Decision Library C (TDLC, volume 2)

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Table of contents (12 chapters)

  1. Front Matter

    Pages i-xiii
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  3. Applied Game Theory

    1. A Simple Game Model of Kidnapping

      • Reinhard Selten
      Pages 77-93

    2. A Simple Model of Imperfect Competition, where 4 Are Few and 6 Are Many

      • Reinhard Selten
      Pages 95-155

    3. A Model of Oligopolistic Size Structure and Profitability

      • Reinhard Selten
      Pages 157-181

    4. Are Cartel Laws Bad for Business ?

      • Reinhard Selten
      Pages 183-215

  6. Back Matter

    Pages 313-318
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Keywords

About this book

The papers collected in this volume relate to game theory. They aim at the elaboration and discussion of basic con­ cepts, at the analysis of specific applied models and at the evaluation of experimental evidence. A game is a mathematical model of a situation where several actors with different goals are engaged in strategic inter­ action. Game theory explores the nature and the consequence. s of rational behavior in games. With respect to several papers in this volume, it seems to be appropriate to comment on later developments. A list of some important references is given at the end of the intro­ duction. References already included in the collected pa­ pers are not repeated here. In casual conversation colleagues sometimes observe that the author on the one hand goes to extremes in the elabora­ tion of the consequences of Bayesian rationality and on the other hand strongly emphasizes the limited rationality of actual decision behavior. This seeming discrepancy is also expressed in the collection presented here. The author thinks that a sharp distinction should be made between nor­ ~ative and descriptive game theory. This position of "methodological dualism" has been expressed in a comment to Aumann's paper "What is game theory trying to accomplish?" (Aumann, 1985, Selten 1985) Normative game theory has the important task to explore the nature and the consequences of idealized full rationality in strategic interaction. This requires a thorough discuss­ ion of first principles. Empirical arguments are irrelevant here.

Authors and Affiliations

  • University of Bonn, Germany

    Reinhard Selten

Bibliographic Information

  • Book Title: Models of Strategic Rationality

  • Authors: Reinhard Selten

  • Series Title: Theory and Decision Library C

  • DOI: https://doi.org/10.1007/978-94-015-7774-8

  • Publisher: Springer Dordrecht

  • eBook Packages: Springer Book Archive

  • Copyright Information: Springer Science+Business Media Dordrecht 1988

  • Hardcover ISBN: 978-90-277-2663-6Published: 29 February 1988

  • Softcover ISBN: 978-90-481-8446-0Published: 30 December 2010

  • eBook ISBN: 978-94-015-7774-8Published: 09 March 2013

  • Series ISSN: 0924-6126

  • Series E-ISSN: 2194-3044

  • Edition Number: 1

  • Number of Pages: XIII, 318

  • Topics: Economic Theory/Quantitative Economics/Mathematical Methods

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