Game Equilibrium Models II - Methods, Morals, and Markets (Paperback, Softcover reprint of the original 1st ed. 1991)

This paper represents the collaborative work of a game theorist and a policy analyst in an attempt to examine severa! questions that go to the hearl of the way individuala achieve social order. The capacity of any individual to undertake long-term, productive activities that affect and are affected by the actiona of other individuala dependa upon gaining a minimallevel of predictability among those involved. No one could successfully drive to work if the behavior of other drivera were noi relatively predictable. No one could operate a stare, if potential consumers did not purcha. se, rather than stea!, the commodities offered to the public. No one would ma. ke a. ny investments other than those tha. t would be made by a solitary individual in an isolated setting (the cla. ssic Robinson Crusoe situation). One of the ways that individuals achieve predictability in social arrangements is to a. gree to follow a set of normative prescriptions a. bout what they must, must not, or may do. Agreeing to a set of prescriptions is relatively easy. Actually following those prescriptions over time when temptations arise offering potentially high payoffs, is not at all easy. In natural settings, individUala follow agreed upon prescriptions to a greater or lesser extent depending on enforcement levels. A frequent assumption made by policy ana. lysts a. nd game theorists is tha. t enforcement is externa! to the situa. tion under analysis. That a.

General

Imprint:	Springer-Verlag
Country of origin:	Germany
Release date:	December 2010
First published:	1991
Editors:	Reinhard. Selten
Contributors:	D. Abreu • W. Albers • K. Binmore • R. Gardner • W. Guth • R.M. Harstad • H. Kliemt • W. Leininger • A. Okada
Dimensions:	235 x 155 x 20mm (L x W x T)
Format:	Paperback
Pages:	369
Edition:	Softcover reprint of the original 1st ed. 1991
ISBN-13:	978-3-642-08109-5
Categories:	Books > Business & Economics > Economics > Economic theory & philosophy Books > Science & Mathematics > Mathematics > Probability & statistics Books > Business & Economics > Business & management > Management & management techniques > Operational research Books > Science & Mathematics > Mathematics > Applied mathematics > Mathematics for scientists & engineers
LSN:	3-642-08109-6
Barcode:	9783642081095

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