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Theory of Games and Economic Behavior

Princeton, NJ, USA: Princeton University Press (1944)

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  1. Expected Comparative Utility Theory: A New Theory of Rational Choice.David Robert - 2018 - Philosophical Forum 49 (1):19-37.
    In this paper, I argue for a new normative theory of rational choice under risk, namely expected comparative utility (ECU) theory. I first show that for any choice option, a, and for any state of the world, G, the measure of the choiceworthiness of a in G is the comparative utility (CU) of a in G—that is, the difference in utility, in G, between a and whichever alternative to a carries the greatest utility in G. On the basis of this (...)
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  • The psychology of human risk preferences and vulnerability to scare-mongers: experimental economic tools for hypothesis formulation and testing.W. Harrison Glenn & Ross Don - 2016 - Journal of Cognition and Culture 16 (5):383-414.
    The Internet and social media have opened niches for political exploitation of human dispositions to hyper-alarmed states that amplify perceived threats relative to their objective probabilities of occurrence. Researchers should aim to observe the dynamic “ramping up” of security threat mechanisms under controlled experimental conditions. Such research necessarily begins from a clear model of standard baseline states, and should involve adding treatments to established experimental protocols developed by experimental economists. We review these protocols, which allow for joint estimation of risk (...)
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  • Forms of Luminosity: Epistemic Modality and Hyperintensionality in Mathematics.David Elohim - 2017 - Dissertation, Arché, University of St Andrews
    This book concerns the foundations of epistemic modality and hyperintensionality and their applications to the philosophy of mathematics. I examine the nature of epistemic modality, when the modal operator is interpreted as concerning both apriority and conceivability, as well as states of knowledge and belief. The book demonstrates how epistemic modality and hyperintensionality relate to the computational theory of mind; metaphysical modality and hyperintensionality; the types of mathematical modality and hyperintensionality; to the epistemic status of large cardinal axioms, undecidable propositions, (...)
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  • Forms of Luminosity: Epistemic Modality and Hyperintensionality in Mathematics.David Elohim - 2017
    This book concerns the foundations of epistemic modality and hyperintensionality and their applications to the philosophy of mathematics. I examine the nature of epistemic modality, when the modal operator is interpreted as concerning both apriority and conceivability, as well as states of knowledge and belief. The book demonstrates how epistemic modality and hyperintensionality relate to the computational theory of mind; metaphysical modality and hyperintensionality; the types of mathematical modality and hyperintensionality; to the epistemic status of large cardinal axioms, undecidable propositions, (...)
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  • Decision Theory.Katie Steele & H. Orri Stefánsson - 2012 - In Ed Zalta (ed.), Stanford Encyclopedia of Philosophy. Stanford Encyclopedia of Philosophy.
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  • Expected comparative utility theory: A new theory of instrumental rationality.David Robert - manuscript
    This paper aims to address the question of how one ought to choose when one is uncertain about what outcomes will result from one’s choices, but when one can nevertheless assign probabilities to the different possible outcomes. These choices are commonly referred to as choices (or decisions) under risk. I assume in this paper that one ought to make instrumentally rational choices—more precisely, one ought to adopt suitable means to one’s morally permissible ends. Expected utility (EU) theory is generally accepted (...)
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  • On the Interpretation of Decision Theory.Samir Okasha - 2016 - Economics and Philosophy 32 (3):409-433.
    Abstract:This paper explores the contrast between mentalistic and behaviouristic interpretations of decision theory. The former regards credences and utilities as psychologically real, while the latter regards them as mere representations of an agent's preferences. Philosophers typically adopt the former interpretation, economists the latter. It is argued that the mentalistic interpretation is preferable if our aim is to use decision theory for descriptive purposes, but if our aim is normative then the behaviouristic interpretation cannot be dispensed with.
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  • ACACIA-ES: an agent-based modeling and simulation tool for investigating social behaviors in resource-limited two-dimensional environments.Elisabetta Zibetti, Simon Carrignon & Nicolas Bredeche - 2016 - Mind and Society 15 (1):83-104.
    In this paper, we describe a framework for studying social agents’ individual decision making, that takes account of the environment and social dynamics. We describe a study in which we explored the efficiency of foraging strategies within a group of individuals faced with a resource-limited environment. We investigated to what extent cooperative and non-cooperative behaviors impacted on the survival rates of a population of individuals. In the experiment presented here, we considered two different types of individuals: selfish individuals who gather (...)
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  • Rational choice and action omnipotence.John L. Pollock - 2002 - Philosophical Review 111 (1):1-23.
    Counterexamples are constructed for the theory of rational choice that results from a direct application of classical decision theory to ordinary actions. These counterexamples turn on the fact that an agent may be unable to perform an action, and may even be unable to try to perform an action. An alternative theory of rational choice is proposed that evaluates actions using a more complex measure, and then it is shown that this is equivalent to applying classical decision theory to "conditional (...)
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  • Desire.Tim Schroeder - 2006 - Stanford Encyclopedia of Philosophy 1 (6):631-639.
    To desire is to be in a particular state of mind. It is a state of mind familiar to everyone who has ever wanted to drink water or desired to know what has happened to an old friend, but its familiarity does not make it easy to give a theory of desire. Controversy immediately breaks out when asking whether wanting water and desiring knowledge are, at bottom, the same state of mind as others that seem somewhat similar: wishing never to (...)
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  • Climate Change and Decision Theory.Andrea S. Asker & H. Orri Stefánsson - 2023 - In Pellegrino Gianfranco & Marcello Di Paola (eds.), Handbook of Philosophy of Climate Change. Springer Nature. pp. 267-286.
    Many people are worried about the harmful effects of climate change but nevertheless enjoy some activities that contribute to the emission of greenhouse gas (driving, flying, eating meat, etc.), the main cause of climate change. How should such people make choices between engaging in and refraining from enjoyable greenhouse-gas-emitting activities? In this chapter, we look at the answer provided by decision theory. Some scholars think that the right answer is given by interactive decision theory, or game theory; and moreover think (...)
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  • Intention: Hyperintensional Semantics and Decision Theory.David Elohim - manuscript
    This paper argues that the types of intention can be modeled both as modal operators and via a multi-hyperintensional semantics. I delineate the semantic profiles of the types of intention, and provide a precise account of how the types of intention are unified in virtue of both their operations in a single, encompassing, epistemic space, and their role in practical reasoning. I endeavor to provide reasons adducing against the proposal that the types of intention are reducible to the mental states (...)
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  • Rationality and indeterminacy.Cristina Bicchieri - 2009 - In Don Ross & Harold Kincaid (eds.), The Oxford Handbook of Philosophy of Economics. New York: Oxford University Press. pp. 159.
    Much of the history of game theory has been dominated by the problem of indeterminacy. The very search for better versions of rationality, as well as the long list of attempts to refine Nash equilibrium, can be seen as answers to the indeterminacy that has accompanied game theory through its history. More recently, the experimental approach to game theory has attempted a more radical solution: by directly generating a stream of behavioral observations, one hopes that behavioral hypotheses will be sharper, (...)
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  • Levels of Altruism.Martin Zwick & Jeffrey A. Fletcher - 2014 - Biological Theory 9 (1):100-107.
    The phenomenon of altruism extends from the biological realm to the human sociocultural realm. This article sketches a coherent outline of multiple types of altruism of progressively increasing scope that span these two realms and are grounded in an ever-expanding sense of “self.” Discussion of this framework notes difficulties associated with altruism at different levels. It links scientific ideas about the evolution of cooperation and about hierarchical order to perennial philosophical and religious concerns. It offers a conceptual background for inquiry (...)
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  • Mind and Life: Is the Materialist Neo-Darwinian Conception of Nature False?Martin Zwick - 2016 - Biological Theory 11 (1):25-38.
    partial review of Thomas Nagel’s book, Mind and Cosmos: Why the Materialist Neo-Darwinian Conception of Nature Is Almost Certainly False is used to articulate some systems-theoretic ideas about the challenge of understanding subjective experience. The article accepts Nagel’s view that reductionist materialism fails as an approach to this challenge, but argues that seeking an explanation of mind based on emergence is more plausible than seeking one based on pan-psychism, which Nagel favors. However, the article proposes something similar to Nagel’s neutral (...)
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  • The theory of games as a tool for the social epistemologist.Kevin J. S. Zollman - 2020 - Philosophical Studies 178 (4):1381-1401.
    Traditionally, epistemologists have distinguished between epistemic and pragmatic goals. In so doing, they presume that much of game theory is irrelevant to epistemic enterprises. I will show that this is a mistake. Even if we restrict attention to purely epistemic motivations, members of epistemic groups will face a multitude of strategic choices. I illustrate several contexts where individuals who are concerned solely with the discovery of truth will nonetheless face difficult game theoretic problems. Examples of purely epistemic coordination problems and (...)
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  • Quasi stable outcomes in the assignment game.Raïssa-Juvette Samba Zitou & Rhonya Adli - 2012 - Theory and Decision 72 (3):323-340.
    There is a great deal of literature on matching, theoretical, and empirical, concerning stable assignments and mechanisms that achieve them. The starting point of this study is an interesting question about assignment procedures: given a situation where some agents (the senior workers) on one side have a priority status, which changes the classical theory. The core of game may not be stable. We prove the existence of a quasi stable constrained core. This constrained core may not be a lattice but (...)
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  • Strategic games with security and potential level players.Alexander Zimper - 2007 - Theory and Decision 63 (1):53-78.
    This paper examines the existence of strategic solutions to finite normal form games under the assumption that strategy choices can be described as choices among lotteries where players have security- and potential level preferences over lotteries (e.g., Cohen, Theory and Decision, 33, 101–104, 1992, Gilboa, Journal of Mathematical Psychology, 32, 405–420, 1988, Jaffray, Theory and Decision, 24, 169–200, 1988). Since security- and potential level preferences require discontinuous utility representations, standard existence results for Nash equilibria in mixed strategies (Nash, Proceedings of (...)
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  • Subjective causal networks and indeterminate suppositional credences.Jiji Zhang, Teddy Seidenfeld & Hailin Liu - 2019 - Synthese 198 (Suppl 27):6571-6597.
    This paper has two main parts. In the first part, we motivate a kind of indeterminate, suppositional credences by discussing the prospect for a subjective interpretation of a causal Bayesian network, an important tool for causal reasoning in artificial intelligence. A CBN consists of a causal graph and a collection of interventional probabilities. The subjective interpretation in question would take the causal graph in a CBN to represent the causal structure that is believed by an agent, and interventional probabilities in (...)
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  • Perspective-Taking and Depth of Theory-of-Mind Reasoning in Sequential-Move Games.Jun Zhang, Trey Hedden & Adrian Chia - 2012 - Cognitive Science 36 (3):560-573.
    Theory-of-mind (ToM) involves modeling an individual’s mental states to plan one’s action and to anticipate others’ actions through recursive reasoning that may be myopic (with limited recursion) or predictive (with full recursion). ToM recursion was examined using a series of two-player, sequential-move matrix games with a maximum of three steps. Participants were assigned the role of Player I, controlling the initial and the last step, or of Player II, controlling the second step. Appropriate for the assigned role, participants either anticipated (...)
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  • Desirability foundations of robust rational decision making.Marco Zaffalon & Enrique Miranda - 2018 - Synthese 198 (Suppl 27):6529-6570.
    Recent work has formally linked the traditional axiomatisation of incomplete preferences à la Anscombe-Aumann with the theory of desirability developed in the context of imprecise probability, by showing in particular that they are the very same theory. The equivalence has been established under the constraint that the set of possible prizes is finite. In this paper, we relax such a constraint, thus de facto creating one of the most general theories of rationality and decision making available today. We provide the (...)
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  • Decision theory with prospect interference and entanglement.V. I. Yukalov & D. Sornette - 2011 - Theory and Decision 70 (3):283-328.
    We present a novel variant of decision making based on the mathematical theory of separable Hilbert spaces. This mathematical structure captures the effect of superposition of composite prospects, including many incorporated intentions, which allows us to describe a variety of interesting fallacies and anomalies that have been reported to particularize the decision making of real human beings. The theory characterizes entangled decision making, non-commutativity of subsequent decisions, and intention interference. We demonstrate how the violation of the Savage’s sure-thing principle, known (...)
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  • In defense of a constructive, information-based approach to decision theory.M. R. Yilmaz - 1997 - Theory and Decision 43 (1):21-44.
    Since the middle of this century, the dominant prescriptive approach to decision theory has been a deductive viewpoint which is concerned with axioms of rational preference and their consequences. After summarizing important problems with the preference primitive, this paper argues for a constructive approach in which information is the foundation for decision-making. This approach poses comparability of uncertain acts as a question rather than an assumption. It is argued that, in general, neither preference nor subjective probability can be assumed given, (...)
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  • Theory and implementation of coalitional analysis in cooperative decision making.Haiyan Xu, D. Marc Kilgour, Keith W. Hipel & Edward A. McBean - 2014 - Theory and Decision 76 (2):147-171.
    Stability definitions for describing human behavior under conflict when coalitions may form are generalized within the Graph Model for Conflict Resolution and algebraic formulations of these definitions are provided to allow computer implementation. The more general definitions of coalitional stabilities relax the assumption of transitive graphs capturing movements under the control of decision makers, either independently or cooperatively, and allow the convenient expansion to the case of coalitions of the four basic individual stabilities consisting of Nash stability, general metarationality, symmetric (...)
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  • Ordinal Or Cardinal Utility: A Note.Robert Wutscher & Walter E. Block - 2014 - Studia Humana 3 (1):27-37.
    Modern microeconomic theory is based on a foundation of ordinal preference relations. Good textbooks stress that cardinal utility functions are artificial constructions of convenience, and that economics does not attribute any meaning to “utils.” However, we argue that despite this official position, in practice mainstream economists rely on techniques that assume the validity of cardinal utility. Doing so has turned mainstream economic theorizing into an exercise of reductionism of objects down to the preferences of ‘ideal type’ subjects.
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  • The analytic geometry of genetics: part I: the structure, function, and early evolution of Punnett squares.W. C. Wimsatt - 2012 - Archive for History of Exact Sciences 66 (4):359-396.
    A square tabular array was introduced by R. C. Punnett in (1907) to visualize systematically and economically the combination of gametes to make genotypes according to Mendel’s theory. This mode of representation evolved and rapidly became standardized as the canonical way of representing like problems in genetics. Its advantages over other contemporary methods are discussed, as are ways in which it evolved to increase its power and efficiency, and responded to changing theoretical perspectives. It provided a natural visual decomposition of (...)
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  • Aggregate, composed, and evolved systems: Reductionistic heuristics as means to more holistic theories. [REVIEW]William C. Wimsatt - 2006 - Biology and Philosophy 21 (5):667-702.
    Richard Levins’ distinction between aggregate, composed and evolved systems acquires new significance as we recognize the importance of mechanistic explanation. Criteria for aggregativity provide limiting cases for absence of organization, so through their failure, can provide rich detectors for organizational properties. I explore the use of failures of aggregativity for the analysis of mechanistic systems in diverse contexts. Aggregativity appears theoretically desireable, but we are easily fooled. It may be exaggerated through approximation, conditions of derivation, and extrapolating from some conditions (...)
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  • Innovative therapies, suspended trials, and the economics of clinical research: Facilitated communication and biomedical cases.James R. Wible & Susan Dietrich - 2002 - Philosophy of the Social Sciences 32 (3):275-309.
    University of North Carolina at Greensboro Most approaches to the philosophy of the natural and social sciences are basedon completed scientific investigations. However, there are many importantcases in science in which testing is incomplete. These cases are termed suspendedtrials and are particularly significant in biomedical and allied health fields. Initially,the authors' interest in suspended trials was piqued by a controversialmethod for assisting autistic children known as facilitated communication. Thisarticle examines facilitated communication and other examples of suspendedtrials from the perspective of (...)
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  • Decision theory and cognitive choice.John R. Welch - 2011 - European Journal for Philosophy of Science 1 (2):147-172.
    The focus of this study is cognitive choice: the selection of one cognitive option (a hypothesis, a theory, or an axiom, for instance) rather than another. The study proposes that cognitive choice should be based on the plausibilities of states posited by rival cognitive options and the utilities of these options' information outcomes. The proposal introduces a form of decision theory that is novel because comparative; it permits many choices among cognitive options to be based on merely comparative plausibilities and (...)
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  • The explanation game: a formal framework for interpretable machine learning.David S. Watson & Luciano Floridi - 2020 - Synthese 198 (10):1–⁠32.
    We propose a formal framework for interpretable machine learning. Combining elements from statistical learning, causal interventionism, and decision theory, we design an idealised explanation game in which players collaborate to find the best explanation for a given algorithmic prediction. Through an iterative procedure of questions and answers, the players establish a three-dimensional Pareto frontier that describes the optimal trade-offs between explanatory accuracy, simplicity, and relevance. Multiple rounds are played at different levels of abstraction, allowing the players to explore overlapping causal (...)
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  • Local Explanations via Necessity and Sufficiency: Unifying Theory and Practice.David S. Watson, Limor Gultchin, Ankur Taly & Luciano Floridi - 2022 - Minds and Machines 32 (1):185-218.
    Necessity and sufficiency are the building blocks of all successful explanations. Yet despite their importance, these notions have been conceptually underdeveloped and inconsistently applied in explainable artificial intelligence, a fast-growing research area that is so far lacking in firm theoretical foundations. In this article, an expanded version of a paper originally presented at the 37th Conference on Uncertainty in Artificial Intelligence, we attempt to fill this gap. Building on work in logic, probability, and causality, we establish the central role of (...)
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  • Instrumental rationality and cognitive rationality.Bernard Walliser - 1989 - Theory and Decision 27 (1-2):7-36.
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  • Min- and Max-induced rankings: an experimental study. [REVIEW]Amélie Vrijdags - 2013 - Theory and Decision 75 (2):233-266.
    The current paper is the first to report an experimental study of “Min- and Max-induced rankings” (MMIR), i.e., a family of set rankings that require preferences over sets to be induced from comparison of the best and/or worst elements within those sets. These MMIR do not perform well in predicting preferences over simple sets of monetary outcomes. In this paper, we investigate the axiomatic underpinnings of these models by means of pairwise choice experiments. From this investigation, some important conclusions can (...)
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  • An experimental investigation of transitivity in set ranking.Amélie Vrijdags - 2010 - Theory and Decision 68 (1-2):213-232.
    A decision under ‘complete uncertainty’ is one where the decision maker knows the set of possible outcomes for each decision, but cannot assign probabilities to those outcomes. This way, the problem of ranking decisions is reduced to a problem of ranking sets of outcomes. All rankings that have emerged in the literature in this domain imply transitivity. In the current study, transitivity is subjected to an empirical evaluation in two experiments, where subjects are asked to choose between sets of monetary (...)
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  • Adam Smith’s Theory of Prudence Updated with Neuroscientific and Behavioral Evidence.Eleonora Viganò - 2017 - Neuroethics 10 (2):215-233.
    Other-perspective taking, distancing, time discounting as well as risk and loss aversion highly affect decision-making. Even though they influence each other, so far these cognitive processes have been unrelated or only partly related to each other in neuroscience. This article proposes a philosophical interpretation of these cognitive processes that is elaborated in the updated theory of Adam Smith’s prudence. The UTSP is inspired by Smith’s account of prudence and is in line with the neuroscientific and behavioral studies on OPT, distancing, (...)
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  • Justice as mutual advantage and the vulnerable.Peter Vanderschraaf - 2011 - Politics, Philosophy and Economics 10 (2):119-147.
    Since at least as long ago as Plato’s time, philosophers have considered the possibility that justice is at bottom a system of rules that members of society follow for mutual advantage. Some maintain that justice as mutual advantage is a fatally flawed theory of justice because it is too exclusive. Proponents of a Vulnerability Objection argue that justice as mutual advantage would deny the most vulnerable members of society any of the protections and other benefits of justice. I argue that (...)
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  • Convention as correlated equilibrium.Peter Vanderschraaf - 1995 - Erkenntnis 42 (1):65 - 87.
    Aconvention is a state in which agents coordinate their activity, not as the result of an explicit agreement, but because their expectations are aligned so that each individual believes that all will act so as to achieve coordination for mutual benefit. Since agents are said to follow a convention if they coordinate without explicit agreement, the notion raises fundamental questions: (1) Why do certain conventions remain stable over time?, and (2) How does a convention emerge in the first place? In (...)
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  • The quantum-like approach to modeling classical rationality violations: an introduction.Franco Vaio - 2019 - Mind and Society 18 (1):105-123.
    Psychological empirical research has shown that human choice behavior often violates the assumptions of classical rational choice models. In the last few decades a new research field has emerged which aims to account for the observed choice behavior by resorting to the concepts and mathematical techniques developed in the realm of quantum physics, such as the “mental state vector” defined in a Hilbert space and the interference of quantum probability. This article is a short introduction to the quantum-like approach to (...)
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  • An evolutionary game theoretic perspective on learning in multi-agent systems.Karl Tuyls, Ann Nowe, Tom Lenaerts & Bernard Manderick - 2004 - Synthese 139 (2):297 - 330.
    In this paper we revise Reinforcement Learning and adaptiveness in Multi-Agent Systems from an Evolutionary Game Theoretic perspective. More precisely we show there is a triangular relation between the fields of Multi-Agent Systems, Reinforcement Learning and Evolutionary Game Theory. We illustrate how these new insights can contribute to a better understanding of learning in MAS and to new improved learning algorithms. All three fields are introduced in a self-contained manner. Each relation is discussed in detail with the necessary background information (...)
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  • Making our ends meet: shared intention, goal adoption and the third-person perspective.Luca Tummolini - 2014 - Phenomenology and the Cognitive Sciences 13 (1):75-98.
    Mind reading (i.e. the ability to infer the mental state of another agent) is taken to be the main cognitive ability required to share an intention and to collaborate. In this paper, I argue that another cognitive ability is also necessary to collaborate: representing others’ and ones’ own goals from a third-person perspective (other-centred or allocentric representation of goals). I argue that allocentric mind reading enables the cognitive ability of goal adoption, i.e. having the goal that another agent’s achieve p (...)
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  • Uncertainty, Decision Science, and Policy Making: A Manifesto for a Research Agenda.David Tuckett, Antoine Mandel, Diana Mangalagiu, Allen Abramson, Jochen Hinkel, Konstantinos Katsikopoulos, Alan Kirman, Thierry Malleret, Igor Mozetic, Paul Ormerod, Robert Elliot Smith, Tommaso Venturini & Angela Wilkinson - 2015 - Critical Review: A Journal of Politics and Society 27 (2):213-242.
    ABSTRACTThe financial crisis of 2008 was unforeseen partly because the academic theories that underpin policy making do not sufficiently account for uncertainty and complexity or learned and evolved human capabilities for managing them. Mainstream theories of decision making tend to be strongly normative and based on wishfully unrealistic “idealized” modeling. In order to develop theories of actual decision making under uncertainty, we need new methodologies that account for how human actors often manage uncertain situations “well enough.” Some possibly helpful methodologies, (...)
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  • Iterated Admissibility Through Forcing in Strategic Belief Models.Fernando Tohmé, Gianluca Caterina & Jonathan Gangle - 2020 - Journal of Logic, Language and Information 29 (4):491-509.
    Iterated admissibility embodies a minimal criterion of rationality in interactions. The epistemic characterization of this solution has been actively investigated in recent times: it has been shown that strategies surviving \ rounds of iterated admissibility may be identified as those that are obtained under a condition called rationality and m assumption of rationality in complete lexicographic type structures. On the other hand, it has been shown that its limit condition, with an infinity assumption of rationality ), might not be satisfied (...)
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  • On the Categoricity of Quantum Mechanics.Iulian D. Toader - 2021 - European Journal for Philosophy of Science 11 (1):1-14.
    The paper argues against an intuitive reading of the Stone-von Neumann theorem as a categoricity result, thereby pointing out that this theorem does not entail any model-theoretical difference between the theories that validate it and those that don't.
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  • Uniqueness and symmetry in bargaining theories of justice.John Thrasher - 2014 - Philosophical Studies 167 (3):683-699.
    For contractarians, justice is the result of a rational bargain. The goal is to show that the rules of justice are consistent with rationality. The two most important bargaining theories of justice are David Gauthier’s and those that use the Nash’s bargaining solution. I argue that both of these approaches are fatally undermined by their reliance on a symmetry condition. Symmetry is a substantive constraint, not an implication of rationality. I argue that using symmetry to generate uniqueness undermines the goal (...)
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  • Instrumental Rationality Without Separability.Johanna Thoma - 2020 - Erkenntnis 85 (5):1219-1240.
    This paper argues that instrumental rationality is more permissive than expected utility theory. The most compelling instrumentalist argument in favour of separability, its core requirement, is that agents with non-separable preferences end up badly off by their own lights in some dynamic choice problems. I argue that once we focus on the question of whether agents’ attitudes to uncertain prospects help define their ends in their own right, or instead only assign instrumental value in virtue of the outcomes they may (...)
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  • In Defence of Revealed Preference Theory.Johanna Thoma - 2021 - Economics and Philosophy 37 (2):163-187.
    This paper defends revealed preference theory against a pervasive line of criticism, according to which revealed preference methodology relies on appealing to some mental states, in particular an agent’s beliefs, rendering the project incoherent or unmotivated. I argue that all that is established by these arguments is that revealed preference theorists must accept a limited mentalism in their account of the options an agent should be modelled as choosing between. This is consistent both with an essentially behavioural interpretation of preference (...)
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  • Modelling Inequality.Karim Thébault, Seamus Bradley & Alexander Reutlinger - 2018 - British Journal for the Philosophy of Science 69 (3):691-718.
    Econophysics is a new and exciting cross-disciplinary research field that applies models and modelling techniques from statistical physics to economic systems. It is not, however, without its critics: prominent figures in more mainstream economic theory have criticized some elements of the methodology of econophysics. One of the main lines of criticism concerns the nature of the modelling assumptions and idealizations involved, and a particular target are ‘kinetic exchange’ approaches used to model the emergence of inequality within the distribution of individual (...)
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  • Risk Attitude in the DuLong Minority Ethnicity of China.Lili Tan, Siyuan Li & Xiaomin Zhang - 2021 - Frontiers in Psychology 12.
    Prospect theory predicts a four-fold risk attitude, which means that people are risk seeking for low-probability gain and high-probability loss and risk averse for low-probability loss and high-probability gain because they overweight probability when it is low. The four-fold pattern of risk attitude has been supported by several former studies with mainstream industrialized populations but has never previously been tested in a non-industrialized society. In this work, we examined the robustness of the four-fold risk attitude in the DuLong minority ethnicity (...)
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  • Equitable Distribution in a Three Players Problem.Marek Szopa - 2014 - Studies in Logic, Grammar and Rhetoric 37 (1):239-252.
    Jazz band is a 3 player superadditive game in characteristic function form. Three players have to divide the payoff they can get, while being in a grand coalition, provided their individual and duo coalitions payoffs are known. Assumptions of individual and collective rationality lead to the notion of the core of the game. We discuss offers that cannot readily be refused [OCRR] as the solutions of the game in case of an empty core, when duo coalitions are the best options (...)
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  • Structural representation and surrogative reasoning.Chris Swoyer - 1991 - Synthese 87 (3):449 - 508.
    It is argued that a number of important, and seemingly disparate, types of representation are species of a single relation, here called structural representation, that can be described in detail and studied in a way that is of considerable philosophical interest. A structural representation depends on the existence of a common structure between a representation and that which it represents, and it is important because it allows us to reason directly about the representation in order to draw conclusions about the (...)
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