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Equilibrium and Rationality
Game Theory Revised by Decision Rules

£27.99

Part of Cambridge Studies in Probability, Induction and Decision Theory

  • Date Published: July 2007
  • availability: Available
  • format: Paperback
  • isbn: 9780521038027

£ 27.99
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  • This book represents a major contribution to game theory. It offers this conception of equilibrium in games: strategic equilibrium. This conception arises from a study of expected utility decision principles, which must be revised to take account of the evidence a choice provides concerning its outcome. The argument for these principles distinguishes reasons for action from incentives, and draws on contemporary analyses of counterfactual conditionals. The book also includes a procedure for identifying strategic equilibria in ideal normal-form games. In synthesizing decision theory and game theory in a powerful way this book will be of particular interest to all philosophers concerned with decision theory and game theory as well as economists and other social scientists.

    • Genuine interdisciplinary readership - game theory sells well to economists as well as philosophers
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    Reviews & endorsements

    'All in all the book is a true tour de force; it is one of the deepest and best-argued game-theoretical treatises I have ever read.' Wlodek Rabinowicz, University of Uppsala

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    Product details

    • Date Published: July 2007
    • format: Paperback
    • isbn: 9780521038027
    • length: 252 pages
    • dimensions: 228 x 151 x 14 mm
    • weight: 0.387kg
    • contains: 51 b/w illus.
    • availability: Available
  • Table of Contents

    Preface
    1. Games and solutions
    2. Idealizations
    3. Equilibrium
    4. Reasons and incentives
    5. Strategic equilibrium
    6. Finding equilibria
    7. Applications
    8. Other standards for solutions
    References
    Index.

  • Author

    Paul Weirich, University of Missouri, Columbia

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