The Logic of Rational Play in Games of Perfect Information

Economics and Philosophy 7 (1):37-65 (1991)

Authors
Giacomo Bonanno
University of California, Davis
Abstract
For the past 20 years or so the literature on noncooperative games has been centered on the search for an equilibrium concept that expresses the notion of rational behavior in interactive situations. A basic tenet in this literature is that if a “rational solution” exists, it must be a Nash equilibrium. The consensus view, however, is that not all Nash equilibria can be accepted as rational solutions. Consider, for example, the game of Figure 1
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DOI 10.1017/S0266267100000900
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References found in this work BETA

Modal Logic: An Introduction.Brian F. Chellas - 1980 - Cambridge University Press.
Modeling Rational Players: Part I.Ken Binmore - 1987 - Economics and Philosophy 3 (2):179.
The Backward Induction Paradox.Philip Pettit & Robert Sugden - 1989 - Journal of Philosophy 86 (4):169-182.
Modeling Rational Players: Part II.Ken Binmore - 1988 - Economics and Philosophy 4 (1):9.

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Citations of this work BETA

Rationality and Backward Induction.Ken Binmore - 1997 - Journal of Economic Methodology 4 (1):23-41.
Game-Theoretic Axioms for Local Rationality and Bounded Knowledge.Gian Aldo Antonelli & Cristina Bicchieri - 1995 - Journal of Logic, Language and Information 4 (2):145-167.

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