For what it's worth, here's what one of last year's Nobel recipients said
about game theory in 1990:
Douglas North:
"Game theory highlights the problems of cooperation and explores specific
strategies that alter the payoffs to the players. But there is a vast gap
between the relatively clean,
As it hasnt been mentioned already I'll add that Roemer's works draw
heavily on game theory techniques, especially on Cooperative game theory in his
"General theory of exploitation and class". From memeory, he uses the idea
of a coalition to define exploitation. If an "agent" is in a coalition
an
Treacy: Yes you can have all sorts of opponents. The simplest game in the
beginning texts is the old prisioners dilemma game. If two felons do not
rat each other out they win. If one rats on the other he gets a lesser
sentence. The cops tell each one individually that the other is going to
ra
My impression (based on woefully inadequate knowledge) is that game
theory can easily incorporate issues of power. For example, the
result of one "player's" actions can a greater pay-off than another's
exact same actions. Symmetry need not be assumed. Further, one
can think of the standard "pr
Doug Henwood asks...
> Is there any room in game theory for power - political, market, or
> class? Or is it just a game among equals and individuals?
>
There is as much room for power in game theory as
elsewhere. It is ever present in the games typically
studied in neo-classical economics. S
This is a reply to the claim that "CUSFTA or NAFTA trade rules have been
or could be used to prevent governments from doing things that are
obviously in the public interest."
This is certainly possible, but I'm not sure how often this will happen very
often in practice. (Of course, whether gov
On Wed, 12 Oct 1994, Doug Henwood wrote:
> Is there any room in game theory for power - political, market, or
> class? Or is it just a game among equals and individuals?
I don't know much about game theory myself, but a friend teaches
it at NYU, and I've attended a few classes of his underg
Sometimes when examples of how CUSFTA or NAFTA trade rules have been
or could be used to prevent governments from doing things that are
obviously in the public interest, the example of the NDP government's
decision not to go ahead with its promise to introduce public auto
insurance is cited. T
Is there any room in game theory for power - political, market, or
class? Or is it just a game among equals and individuals?
Doug
Doug Henwood [[EMAIL PROTECTED]]
Left Business Observer
212-874-4020 (voice)
212-874-3137 (fax)
please send income and poverty reports to Dollars & Sense, Email DOLLARS.
Thanks Doug. Marc Breslow.
from today's L.A. TIMES:
"Textbook economic theory 'is about an isolated Robinson Crusoe-
like individual coping with scarcity,' observed Samueal Bowles, an
economics professor at the University of Massachusetts. Game
theory, by contrast, 'is always about two or more t people ,
and they are copi
Addendum to my original post...
Back in the early 50's Nash actually published 2 solution
concepts for games, one the non-cooperative solution which
I described in the earlier post, and the other a
cooperative solution. It is the non-cooperative solution
which has proven so fruitful for neo-cla
> Date: Tue, 11 Oct 1994 21:45:31 -0700
> Reply-to: [EMAIL PROTECTED]
> From: [EMAIL PROTECTED]
> To:[EMAIL PROTECTED]
> Subject: Re: "Nobel" prizes in Econ.
> "Does anyone have anything intelligent to say about the work by this year's
> winners of the so-
13 matches
Mail list logo
