PhilSci Archive

Team Reasoning and a Measure of Mutual Advantage in Games

Karpus, Jurgis and Radzvilas, Mantas (0201) Team Reasoning and a Measure of Mutual Advantage in Games. [Preprint]

WarningThere is a more recent version of this item available.
[img]
Preview
Text
Team Reasoning and a Measure of Mutual Advantage in Games.pdf - Draft Version
Available under License Creative Commons Attribution Non-commercial No Derivatives.

Download (638kB) | Preview

Abstract

The game theoretic notion of best-response reasoning is sometimes criticized when its application produces multiple solutions of games, some of which seem less compelling than others. The recent development of the theory of team reasoning addresses this by suggesting that interact- ing players in games may sometimes reason as members of a team—a group of individuals who act together in the attainment of some common goal. A number of properties have been suggested for team-reasoning decision-makers’ goals to satisfy, but a few formal representations have been discussed. In this paper we suggest a possible representation of these goals based on the notion of mutual advantage. We propose a method for measuring extents of individual and mutual advantage to the interacting decision-makers, and define team interests as the attainment of outcomes associated with maximal mutual advantage in the games they play.


Export/Citation: EndNote | BibTeX | Dublin Core | ASCII/Text Citation (Chicago) | HTML Citation | OpenURL
Social Networking:
Share |

Item Type: Preprint
Creators:
CreatorsEmailORCID
Karpus, Jurgisjurgis.karpus@kcl.ac.uk
Radzvilas, MantasM.Radzvilas@lse.ac.uk
Keywords: Game theory, team reasoning, Hi-Lo, Prisoner's Dilemma, Stag Hunt, Chicken game, maximin, mutual advantage, Nash equilibrium, equilibrium selection problem, self-sacrifice, interpersonal comparisons of advantage
Subjects: General Issues > Decision Theory
Specific Sciences > Economics
Specific Sciences > Sociology
Depositing User: DR Mantas Radzvilas
Date Deposited: 15 Aug 2016 15:20
Last Modified: 15 Aug 2016 15:20
Item ID: 12364
Subjects: General Issues > Decision Theory
Specific Sciences > Economics
Specific Sciences > Sociology
Date: 14 August 0201
URI: http://philsci-archive.pitt.edu/id/eprint/12364

Available Versions of this Item

Monthly Views for the past 3 years

Monthly Downloads for the past 3 years

Plum Analytics

Actions (login required)

View Item View Item