Game theory explains how to make good choices when different
decision makers have conflicting interests. The classical approach
assumes that decision makers are committed to making the best
choices for themselves regardless of the effect on others, but such
an approach is less appropriate when cooperation, compromise and
negotiation are important. This book describes conditional games, a
form of game theory that accommodates multiple stakeholder
decision-making scenarios where cooperation and negotiation are
significant issues and where notions of concordant group behavior
are important. Using classical binary preference relations as a
point of departure, the book extends the concept of a preference
ordering that permits stakeholders to modulate their preferences as
functions of the preferences of others. As these conditional
preferences propagate through a group of decision makers, they
create social bonds that lead to notions of group concordance. This
book is intended for all students and researchers of decision
theory and game theory.
General
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