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Game theory explains how to make good choices when different decision makers have conflicting interests. The classical approach assumes that decision makers are committed to making the best choices for themselves regardless of the effect on others, but such an approach is less appropriate when cooperation, compromise, and negotiation are important. This book describes conditional games, a form of game theory that accommodates multiple stakeholder decision-making scenarios where cooperation and negotiation are significant issues and where notions of concordant group behavior are important. Using classical binary preference relations as a point of departure, the book extends the concept of a preference ordering that permits stakeholders to modulate their preferences as functions of the preferences of others. As these conditional preferences propagate through a group of decision makers, they create social bonds that lead to notions of group concordance. This book is intended for all students and researchers of decision theory and game theory, including students in artificial intelligence (especially multiagent systems and distributed control), economics, management science, psychology, analytic philosophy, and applied mathematics.Read more
- Revises game theory to accommodate multiple stakeholder decision-making scenarios
- Extends the concept of a preference ordering to permit stakeholders to modulate their preferences as functions of the preferences of others
Reviews & endorsements
"It is a balanced reading of theory, application, and examples, with ample opportunity for novices to become familiar with prerequisite topics. This book thus becomes a valuable companion to anyone even tangentially interested in modeling phenomena in multiagent societies, as the framework is general enough to provide ease of its adoption in modeling a wide variety of "miniworlds," and powerful enough to introduce the term "conditional game theory" in the mainstream research glossary. A truly practical elaboration on a powerful subject. Highly recommended."
G. Trajkovski, Virginia International University for Choice Magazine
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- Date Published: February 2012
- format: Adobe eBook Reader
- isbn: 9781139211383
- contains: 27 b/w illus. 29 tables
- availability: Adobe Reader ebooks available from eBooks.com
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