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

Giocoli Nicola

ISBN 10: 1840648686 / ISBN 13: 9781840648683

Published by Edward Elgar Publishing Ltd, 2003

About this Item

Envoi rapide Très bon état avec sa jaquette intérieur propre bonne tenue. in8. 2003. Cartonné jaquette. 480 pages. Very Good.

Seller Inventory # 100138951

Bibliographic Details

• Title: Modeling Rational Agents: From Interwar Economics to Early Modern Game Theory
• Publisher: Edward Elgar Publishing Ltd
• Publication Date: 2003
• Language: English
• ISBN 10: 1840648686
• ISBN 13: 9781840648683
• Binding: Hardcover
• Condition: Very Good
• Dust Jacket Condition: Dust Jacket Included
• Seller catalogs:
  • POLITICAL SCIENCE History & Theory BUSINESS & E...

About this title

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.

About the Author

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