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Title: Modeling Rational Players, part I
Author: Ken Binmore
Journal: Economics and Philosophy
Volume: 3
Pages: 179-214
Year: 1987
Abstract: Game theory has proved a useful tool in the study of simple economic models. However, numerous foundational issues remain unresolved. The situation is particularly confusing in respect of the non-cooperative analysis of games with some dynamic structure in which the choice of one move or another during the play of the game may convey valuable information to the other players. Without pausing for breath, it is easy to name at least 10 rival equilibrium notioins for which a serious case can be made that here is the right solution concept for such games.It is not the purpose of this paper to survey the various contendeds. The purpose is rather to question some of the shibboleths that underlie current game-theoretic research and that seem to me to obstruct further progress.

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@Article{binmore87a,
  author =	 {Ken Binmore},
  title =	 {Modeling Rational Players, part {I}},
  journal =	 {Economics and Philosophy},
  year =	 1987,
  volume =	 {3},
  pages =	 {179-214},
  abstract =	 {Game theory has proved a useful tool in the study of
                  simple economic models. However, numerous
                  foundational issues remain unresolved. The situation
                  is particularly confusing in respect of the
                  non-cooperative analysis of games with some dynamic
                  structure in which the choice of one move or another
                  during the play of the game may convey valuable
                  information to the other players. Without pausing
                  for breath, it is easy to name at least 10 rival
                  equilibrium notioins for which a serious case can be
                  made that here is the right solution concept for
                  such games.It is not the purpose of this paper to
                  survey the various contendeds. The purpose is rather
                  to question some of the shibboleths that underlie
                  current game-theoretic research and that seem to me
                  to obstruct further progress.},
  keywords =     {game-theory},
  googleid =	 {5jEK-Pm9m8wJ:scholar.google.com/},
  cluster = 	 {14743586686433374694}
}
Last modified: Wed Mar 9 10:13:45 EST 2011