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Prisoner's dilemma doesn't explain much

In Martin Peterson (ed.), The Prisoner’s Dilemma. Classic philosophical arguments. Cambridge: Cambridge University Press. pp. 64-84 (2015)

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  1. When Are Purely Predictive Models Best?Robert Northcott - 2017 - Disputatio 9 (47):631-656.
    Can purely predictive models be useful in investigating causal systems? I argue “yes”. Moreover, in many cases not only are they useful, they are essential. The alternative is to stick to models or mechanisms drawn from well-understood theory. But a necessary condition for explanation is empirical success, and in many cases in social and field sciences such success can only be achieved by purely predictive models, not by ones drawn from theory. Alas, the attempt to use theory to achieve explanation (...)
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  • How Does Game Theory Inform Economic Engineering?Philippe van Basshuysen - unknown
    How is it possible that models from game theory, which are typically highly idealised, can be harnessed for designing institutions through which we interact? I argue that game theory assumes that social interactions have a specific structure, which is uncovered with the help of directed graphs. The graphs make explicit how game theory encodes counterfactual information in natural collections of its models and can therefore be used to track how model-interventions change model-outcomes. For model-interventions to inform real-world design requires the (...)
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  • Economics Rules, Dani Rodrik, W. W. Norton & Company, 2015, Xv + 253 Pages. [REVIEW]Johanna Thoma - 2018 - Economics and Philosophy 34 (1):127-133.