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."
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