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Explaining Games - The Epistemic Programme in Game Theory (Hardcover, 2010 ed.)
Loot Price: R3,073
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Explaining Games - The Epistemic Programme in Game Theory (Hardcover, 2010 ed.)
Series: Synthese Library, 346
Expected to ship within 10 - 15 working days
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Does game theory ? the mathematical theory of strategic interaction
? provide genuine explanations of human behaviour? Can game theory
be used in economic consultancy or other normative contexts?
Explaining Games: The Epistemic Programme in Game Theory ? the
first monograph on the philosophy of game theory ? is a bold
attempt to combine insights from epistemic logic and the philosophy
of science to investigate the applicability of game theory in such
fields as economics, philosophy and strategic consultancy. De Bruin
proves new mathematical theorems about the beliefs, desires and
rationality principles of individual human beings, and he explores
in detail the logical form of game theory as it is used in
explanatory and normative contexts. He argues that game theory
reduces to rational choice theory if used as an explanatory device,
and that game theory is nonsensical if used as a normative device.
A provocative account of the history of game theory reveals that
this is not bad news for all of game theory, though. Two central
research programmes in game theory tried to find the ultimate
characterisation of strategic interaction between rational agents.
Yet, while the Nash Equilibrium Refinement Programme has done badly
thanks to such research habits as overmathematisation,
model-tinkering and introversion, the Epistemic Programme, De Bruin
argues, has been rather successful in achieving this aim.
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