Game Theory as a Theory of Conflict Resolution by Anatol Rapoport

Game Theory as a Theory of Conflict Resolution by Anatol Rapoport

Game theory could be formally defined as a theory of rational decision in conflict situations. Models of such situations, as they are conceived in game theory, involve (1) a set of decision makers, called players; (2) a set of strategies available to each player; (3) a set of outcomes, each of which is a result of particular choices of strategies made by the players on a given play of the game; and (4) a set of payoffs accorded to each player in each of the possible outcomes. It is assumed that each player is 'individually rational', in the sense that his preference ordering of the outcomes is determined by the order of magnitudes of his (and only his) associated payoffs. Further, a player is rational in the sense that he assumes that every other player is rational in the above sense. The rational player utilizes knowledge of the other players' payoffs in guiding his choice of strategy, because it gives him information about how the other players' choices are guided. Since, in general, the orders of magnitude of the payoffs that accrue to the several players in the several outcomes do not coincide, a game of strategy is a model of a situation involving conflicts of interests.

Rapoport, Anatol: -

Anatol Rapoport is professor at the University of Toronto, and a fellow at the American Academy of Arts and Sciences. He has written over four hundred articles, and is author of the following books: Conflict in Man Made Environment; Game Theory as a Theory of Conflict Resolution; and General Systems Theory. He is widely recognized as the dean of war and peace studies in North America.

SKU	Unavailable
ISBN 13	9789027704245
ISBN 10	9027704244
Title	Game Theory as a Theory of Conflict Resolution
Author	Anatol Rapoport
Series	Theory And Decision Library
Condition	Unavailable
Binding Type	Hardback
Publisher	Springer
Year published	1974-05-31
Number of pages	285
Cover note	Book picture is for illustrative purposes only, actual binding, cover or edition may vary.