Journal of Philosophy 103 (5):239-263 (2006)
|Abstract||The answer in a nutshell is: Yes, five years ago, but nobody has noticed. Nobody noticed because the majority of social scientists subscribe to one of the following views: (1) the ‘anomalous’ behaviour observed in standard prisoner’s dilemma or ultimatum game experiments has refuted standard game theory a long time ago; (2) game theory is flexible enough to accommodate any observed choices by ‘refining’ players’ preferences; or (3) it is just a piece of pure mathematics (a tautology). None of these views is correct. This paper defends the view that GT as commonly understood is not a tautology, that it suffers from important (albeit very recently discovered) empirical anomalies, and that it is not flexible enough to accommodate all the anomalies in its theoretical framework. It also discusses the experiments that finally refuted game theory, and concludes trying to explain why it took so long for experimental game theorists to design experiments that could adequately test the theory.|
|Keywords||No keywords specified (fix it)|
|Categories||categorize this paper)|
|Through your library||Configure|
Similar books and articles
Herbert Gintis (2001). The Contribution of Game Theory to Experimental Design in the Behavioral Sciences. Behavioral and Brain Sciences 24 (3):411-412.
Benoit Hardy-Vallée & Paul Thagard (2008). How to Play the Ultimatum Game: An Engineering Approach to Metanormativity. Philosophical Psychology 21 (2):173 – 192.
Boudewijn de Bruin (2005). Game Theory in Philosophy. Topoi 24 (2):197-208.
Mark Colyvan (2008). Relative Expectation Theory. Journal of Philosophy 105 (1):37-44.
Giacomo Bonanno (2002). Modal Logic and Game Theory: Two Alternative Approaches. Risk Decision and Policy 7:309-324.
Boudewijn de Bruin (2008). Reducible and Nonsensical Uses of Game Theory. Philosophy of the Social Sciences 38 (2):247-266.
Andrew M. Colman (2007). Love is Not Enough: Other-Regarding Preferences Cannot Explain Payoff Dominance in Game Theory. Behavioral and Brain Sciences 30 (1):22-23.
Daniel M. Hausman (2005). 'Testing' Game Theory. Journal of Economic Methodology 12 (2):211-223.
Francesco Guala (2008). Paradigmatic Experiments: The Ultimatum Game From Testing to Measurement Device. Philosophy of Science 75 (5):658-669.
Added to index2009-01-28
Total downloads36 ( #38,010 of 722,752 )
Recent downloads (6 months)2 ( #36,437 of 722,752 )
How can I increase my downloads?