Modeling Rational Agents: From Interwar Economics to Early Modern Game Theory
Nicola Giocoli
Exploring the evolution, through the first half of the 20th century, of the key neoclassical concept of rationality, this book 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.
Categorie:
Anno:
2003
Casa editrice:
Edward Elgar Pub
Lingua:
english
Pagine:
480
ISBN 10:
1840648686
ISBN 13:
9781840648683
File:
PDF, 9.10 MB
IPFS:
,
english, 2003
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