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Modeling Rational Agents From Interwar Economics To Early Modern Game Theory Nicola Giocoli

  • SKU: BELL-5130722
Modeling Rational Agents From Interwar Economics To Early Modern Game Theory Nicola Giocoli
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Modeling Rational Agents From Interwar Economics To Early Modern Game Theory Nicola Giocoli instant download after payment.

Publisher: Edward Elgar Pub
File Extension: PDF
File size: 9.1 MB
Pages: 480
Author: Nicola Giocoli
ISBN: 9781840648683, 1840648686
Language: English
Year: 2003

Product desciption

Modeling Rational Agents From Interwar Economics To Early Modern Game Theory Nicola Giocoli by Nicola Giocoli 9781840648683, 1840648686 instant download after payment.

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.

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