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Game Theory describes human interaction involving conflict, cooperation and competition, the term Interpersonal Decision Theory is synonymous. The term reflects the fact that most essential features of this field are manifested in parlor games. This topic-level treatment covers large parts of...
Persistent link: https://www.econbiz.de/10010272574
In this article we combine Debreu's (1952) social system with Hurwicz's (1994, 2008) ideas of embedding a "desired" game form into a "natural" game form that includes all feasible behavior, even if it is "illegal" according to the desired form. For the resulting socio-legal system we extend...
Persistent link: https://www.econbiz.de/10012606400
For any abstract bargaining problem a non-cooperative one stage strategic game is constructed whose unique dominant strategies Nash equilibrium implements the Nash solution of the bargaining problem.
Persistent link: https://www.econbiz.de/10010291060