Read e-book online Game Theory in the Social Sciences: Concepts and Solution v. PDF

By Martin Shubik

ISBN-10: 0262191954

ISBN-13: 9780262191951

This e-book via a well-known authority on online game thought and its purposes introduces social scientists in various disciplines to this strong technique.

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Additional info for Game Theory in the Social Sciences: Concepts and Solution v. 1

Example text

Even when there are loops, it is sometimes useful to think in terms of the infinite tree that could be created by “pulling apart” the positional nodes in this way. 8 The Shooting Match. Wins 49 Wins Wins Wins 50 The Rules of the Game Information Chance moves and simultaneous moves can be treated as before, but the use and interpretation of information sets become a good deal more complex. Usually it is assumed that all nodes having two or more incoming edges (more generally, positions having two or more possible histories) are positions of complete information.

Contestants A, B, and C fire at each other's balloon with pistols, from fixed positions. At the beginning, and after each shot, the players with unbroken balloons decide by lot who is to shoot next. The surviving balloon determines the winner. ^ This game does not correspond exactly to the Dart Duel. Here the problem is not when to fire, but at what. Also we do not know how long the game will last. As soon as one player is eliminated, however, the other two players become strategic dummies, and a direct calcu­ lation can be made.

4 Five Decision-Making Types In light of our belief in the need for many models of economic, political, and social man, and in preparation for coming mathematical models of the individual, we shall attempt to delineate in this section five contrasting roles for the individual decision maker. Taxonomies 28 Decision Makers can quickly become tedious, especially when the use for the various subdivisions is not clear. The present typology is meant only to be suggestive and is neither exhaustive nor exclusive; people and profes­ sions can readily be found in economic and political life that do not fit neatly into the categories suggested.

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Game Theory in the Social Sciences: Concepts and Solution v. 1 by Martin Shubik

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