The roles of stories in applying game theory
Journal of Economic Methodology 15 (2):131-146 (2008)
| Abstract | Game?theoretic models consist of a formal game structure and an informal model narrative or story. When game theory is employed to model economic situations, the stories play a central role in interpreting, constructing and solving game structures. We analyse the architecture of game theory and distinguish between game models and the theory proper. We present the different functions of the model narrative in the application of game models to economic situations. In particular, we show how model narratives support the choice of solution concepts defined and provided by the theory proper. We further argue that the narrative's role in interpretation, construction and solution makes it a necessary part of a game model that is intended to be a model of an economic situation. We conclude that game theory is not a universal theory of rationality, but only offers tools to model specific situations at varying degrees and kinds of rationality. | |||||||||
| Keywords | No keywords specified (fix it) | |||||||||
| Categories | ||||||||||
| Options |
|
|||||||||
Download options| PhilPapers Archive |
Upload a copy of this paper Check publisher's policy on self-archival Papers currently archived: 5,631 |
| External links |
 |
| Through your library | Configure |
Similar books and articlesGiacomo Bonanno (2002). Modal Logic and Game Theory: Two Alternative Approaches. Risk Decision and Policy 7:309-324.
Cristina Bicchieri & Gian Aldo Antonelli (1995). Game-Theoretic Axioms for Local Rationality and Bounded Knowledge. Journal of Logic, Language and Information 4 (2):145-167.
Theodore M. Benditt (2004). Acting in Concert or Going It Alone: Game Theory and the Law. Law and Philosophy 23 (6):615 - 630.
Boudewijn de Bruin (2008). Reducible and Nonsensical Uses of Game Theory. Philosophy of the Social Sciences 38 (2):247-266.
Daniel M. Hausman (2005). 'Testing' Game Theory. Journal of Economic Methodology 12 (2):211-223.
Robert C. Robinson (2006). Bounded Epistemology. Ssrn Elibrary.
Paddy Jane McShane (forthcoming). Game Theory and Belief in God. International Journal for Philosophy of Religion:1-10.
Martin Bunzl (2002). Evolutionary Games Without Rationality? Philosophy of the Social Sciences 32 (3):365-378.
Boudewijn de Bruin (2009). Overmathematisation in Game Theory: Pitting the Nash Equilibrium Refinement Programme Against the Epistemic Programme. Studies in History and Philosophy of Science Part A 40 (3):290-300.
Lisa J. Carlson & Raymond Dacey (forthcoming). Social Norms and the Traditional Deterrence Game. Synthese.
Lauri Carlson (1994). Logic for Dialogue Games. Synthese 99 (3):377 - 415.
Analytics
Monthly downloads
Sorry, there are not enough data points to plot this chart.
|
Added to index2012-02-20Total downloads1 ( #274,507 of 548,972 )Recent downloads (6 months)0How can I increase my downloads? |
My notes
Discussion
