Why can't we think straight about the big issues that face our society? Why are we taken in by the phony arguments of populists and scammers? Where are the philosophers hiding when we need them to tell us what makes sense? They are hiding because they have nothing to say. The airy-fairy answers...

This chapter focuses on the focal points and bargaining. The idea of a focal point is of great practical importance. However, no consensus exists concerning the manner in which focal points become established or survive after their establishment. At one extreme, some authors emphasize...

This chapter focuses on the noncooperative models of bargaining. John Nash's (1950) path- breaking paper introduces the bargaining problem, and his pioneering work on noncooperative bargaining theory was taken up again and developed by numerous authors. The target of such a noncooperative theory...

This paper surveys work on reputations in repeated games of incomplete information. We first develop the adverse-selection approach to reputations in the context of a long-lived player, who may be a “normal” type or one of a number of “commitment” types, and who faces a succession of...