Modeling Rational Agents: From Interwar Economics to Early Modern Game Theory - Hardcover

Giocoli, Nicola

 
9781840648683: Modeling Rational Agents: From Interwar Economics to Early Modern Game Theory
Hardcover
ISBN 10: 1840648686 ISBN 13: 9781840648683
Publisher: Edward Elgar Publishing Ltd, 2003

Synopsis

The book explores the evolution, through the first half of the 20th century, of the key neoclassical concept of rationality. The analysis begins with the development of modern decision theory, covers the interwar debates over the role of perfect foresight and analyses the first game-theoretic solution concepts of von Neumann and Nash.

The author's proposition is that the notion of rationality suffered a profound transformation that reduced it to a formal property of consistency. Such a transformation paralleled that of neoclassical economics as a whole from a discipline dealing with real economic processes to one investigating issues of logical consistency between mathematical relationships.

Modeling Rational Agents will be of great interest to scholars of the history of economic thought and method, as well as all those working in the field of game and decision theory.

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About the Author

Nicola Giocoli, Assistant Professor, Department of Economics, University of Pisa, Italy

"About this title" may belong to another edition of this title.

Publisher
Edward Elgar Publishing Ltd
Publication date
2003
Language
English
ISBN 10 
1840648686
ISBN 13 
9781840648683
Binding
Hardcover
Number of pages
480