✳flâneur — a map of the web's best reading

Game Theory (Stanford Encyclopedia of Philosophy)

plato.stanford.edu · 54,497 words · saved by 1 readers

Game theory is the study of the ways in which interacting choices of economic agents produce outcomes with respect to the preferences (or utilities) of those agents, where the outcomes in question might have been intended by none of the agents. The meaning of this statement will not be clear to the non-expert until each of the italicized words and phrases has been explained and featured in some examples. Doing this will be the main business of this article. First, however, we provide some historical and philosophical context in order to motivate the reader for the technical work ahead. Game theory in the form known to economists, social scientists, and biologists, was given its first general mathematical formulation by John von Neuman and Oskar Morgenstern (1944). For reasons to be discussed later, limitations in their formal framework initially made the theory applicable only under special and limited conditions. This situation has dramatically changed, in ways we will examine as we g

--> Game Theory (Stanford Encyclopedia of Philosophy) Stanford Encyclopedia of Philosophy Menu Browse Table of Contents What's New Random Entry Chronological Archives About Editorial Information About the SEP Editorial Board How to Cite the SEP Special Characters Advanced Tools Contact Support SEP Support the SEP PDFs for SEP Friends Make a Donation SEPIA for Libraries Entry Navigation Entry Contents Bibliography Academic Tools Friends PDF Preview Author and Citation Info Back to Top Game Theory First published Sat Jan 25, 1997; substantive revision Sun Sep 3, 2023 Game theory is the study of

Explore this link on the map →

related reading