David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
Learn more about PhilPapers
Theory and Decision 50 (2):119-148 (2001)
Focal points seem to be important in helping players coordinate their strategies in coordination problems. Game theory lacks, however, a formal theory of focal points. This paper proposes a theory of focal points that is based on individual rationality considerations. The two principles upon which the theory rest are the Principle of Insufficient Reason (IR) and a Principle of Individual Team Member Rationality. The way IR is modelled combines the classic notion of description symmetry and a new notion of pay-off symmetry, which yields different predictions in a variety of games. The theory can explain why people do better than pure randomization in matching games
|Keywords||Game theory Focal points Individual considerations|
No categories specified
(categorize this paper)
Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
|Through your library|
References found in this work BETA
No references found.
Citations of this work BETA
Hykel Hosni & Jeff Paris (2005). Rationality as Conformity. Synthese 144 (2):249 - 285.
David L. Dickinson & Lynn Hunnicutt (2010). Nonbinding Recommendations: The Relative Effects of Focal Points Versus Uncertainty Reduction on Bargaining Outcomes. [REVIEW] Theory and Decision 69 (4):615-634.
Alessandra Smerilli (2012). We-Thinking and Vacillation Between Frames: Filling a Gap in Bacharach's Theory. Theory and Decision 73 (4):539-560.
Similar books and articles
F. Kramarz (1996). Dynamic Focal Points in N-Person Coordination Games. Theory and Decision 40 (3):277-313.
Judith Mehta, Chris Starmer & Robert Sugden (1994). Focal Points in Pure Coordination Games: An Experimental Investigation. Theory and Decision 36 (2):163-185.
Elinor Mason (2002). Against Blameless Wrongdoing. Ethical Theory and Moral Practice 5 (3):287-303.
Maarten C. W. Janssen (2001). On the Principle of Coordination. Economics and Philosophy 17 (2):221-234.
Andrew M. Colman (2003). Cooperation, Psychological Game Theory, and Limitations of Rationality in Social Interaction. Behavioral and Brain Sciences 26 (2):139-153.
Maarten C. W. Janssen (2003). Coordination and Cooperation. Behavioral and Brain Sciences 26 (2):165-166.
Rudolph Gerber (1968). Focal Points in Recent Heidegger Scholarship. New Scholasticism 42 (4):561-577.
Alasdair I. Houston & John M. McNamara (2005). John Maynard Smith and the Importance of Consistency in Evolutionary Game Theory. Biology and Philosophy 20 (5):933-950.
Mikkel Gerken (2012). On the Cognitive Bases of Knowledge Ascriptions. In Jessica Brown & Mikkel Gerken (eds.), Knowledge Ascriptions. Oxford University Press.
Sebastian Luft (2004). Husserl's Theory of the Phenomenological Reduction: Between Life-World and Cartesianism. Research in Phenomenology 34 (1):198-234.
Mikkel Gerken (2013). Epistemic Focal Bias. Australasian Journal of Philosophy 91 (1):41 - 61.
Andrew M. Colman & Michael Bacharach (1997). Payoff Dominance and the Stackelberg Heuristic. Theory and Decision 43 (1):1-19.
Paul Weirich (2003). From Rationality to Coordination. Behavioral and Brain Sciences 26 (2):179-180.
Added to index2010-09-02
Total downloads17 ( #97,324 of 1,101,088 )
Recent downloads (6 months)8 ( #27,930 of 1,101,088 )
How can I increase my downloads?