Subjectivity and correlation in randomized strategies
TLDR
This paper examined the consequences of basing mixed strategies on subjective random devices, i.e. devices on the probabilities of whose outcomes people may disagree (such as horse races, elections, etc.).About:
This article is published in Journal of Mathematical Economics.The article was published on 1974-03-01 and is currently open access. It has received 1713 citations till now. The article focuses on the topics: Subjectivity.read more
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A Course in Game Theory
TL;DR: A Course in Game Theory as discussed by the authors presents the main ideas of game theory at a level suitable for graduate students and advanced undergraduates, emphasizing the theory's foundations and interpretations of its basic concepts.
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Prediction, learning, and games
Nicolò Cesa-Bianchi,Gábor Lugosi +1 more
TL;DR: In this paper, the authors provide a comprehensive treatment of the problem of predicting individual sequences using expert advice, a general framework within which many related problems can be cast and discussed, such as repeated game playing, adaptive data compression, sequential investment in the stock market, sequential pattern analysis, and several other problems.
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A Behavioral Approach to the Rational Choice Theory of Collective Action: Presidential Address, American Political Science Association, 1997
TL;DR: In this paper, the authors discuss two major empirical findings that begin to show how individuals achieve results that are better than rational by building conditions where reciprocity, reputation, and trust can help to overcome the strong temptations of short-run self-interest.
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Agreeing to Disagree
TL;DR: Two people, 1 and 2, are said to have common knowledge of an event E if both know it, and 1 knows that 2 knows it, 2 knows that 1 knows It, and so on.
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Multiagent Systems: Algorithmic, Game-Theoretic, and Logical Foundations
Yoav Shoham,Kevin Leyton-Brown +1 more
TL;DR: This exciting and pioneering new overview of multiagent systems, which are online systems composed of multiple interacting intelligent agents, i.e., online trading, offers a newly seen computer science perspective on multi agent systems, while integrating ideas from operations research, game theory, economics, logic, and even philosophy and linguistics.
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Theory of Games and Economic Behavior
TL;DR: Theory of games and economic behavior as mentioned in this paper is the classic work upon which modern-day game theory is based, and it has been widely used to analyze a host of real-world phenomena from arms races to optimal policy choices of presidential candidates, from vaccination policy to major league baseball salary negotiations.
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Non-cooperative games
TL;DR: In this article, it was shown that the set of equilibrium points of a two-person zero-sum game can be defined as a set of all pairs of opposing "good" strategies.
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Theory of Games and Economic Behavior
TL;DR: In this article, the authors show that the maximization of individual wealth is not an ordinary problem in variational calculus, because the individual does not control, and may even be ignorant of, some of the variables.