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GAME THEORY: A PRACTITIONER'S APPROACH

Published online by Cambridge University Press:  17 March 2010

Thomas C. Schelling
Thomas C. Schelling*
Affiliation:
University of Maryland
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Abstract

To a practitioner in the social sciences, game theory primarily helps to identify situations in which interdependent decisions are somehow problematic; solutions often require venturing into the social sciences. Game theory is usually about anticipating each other's choices; it can also cope with influencing other's choices. To a social scientist the great contribution of game theory is probably the payoff matrix, an accounting device comparable to the equals sign in algebra.

Type
Essay
Information
Economics & Philosophy , Volume 26 , Issue 1 , March 2010 , pp. 27 - 46
Copyright
Copyright © Cambridge University Press 2010

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References

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