Karpus, Jurgis and Radzvilas, Mantas (2017) Team Reasoning and a Measure of Mutual Advantage in Games. [Preprint]

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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.

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Item Type:	Preprint
Creators:	Creators Email ORCID Karpus, Jurgis jurgis.karpus@kcl.ac.uk Radzvilas, Mantas M.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:	23 Mar 2017 13:40
Last Modified:	22 May 2023 18:03
Item ID:	12932
Subjects:	General Issues > Decision Theory Specific Sciences > Economics Specific Sciences > Sociology
Date:	14 August 2017
URI:	https://philsci-archive.pitt.edu/id/eprint/12932

Available Versions of this Item

• Team Reasoning and a Rank-Based Function of Team's Interests. (deposited 19 Nov 2014 22:02)
  • Team Reasoning and a Rank-Based Function of Team's Interests. (deposited 08 Feb 2015 20:20)
    • Team Reasoning and a Measure of Mutual Advantage in Games. (deposited 15 Aug 2016 15:20)
      • Team Reasoning and a Measure of Mutual Advantage in Games. (deposited 23 Mar 2017 13:40) [Currently Displayed]
    • Team Reasoning and a Rank-Based Function of Team's Interests. (deposited 16 Apr 2015 20:48)

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