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GAME THEORY
Description
The introduction traces the intellectual origins of Game Theory and explains its philosophical premises. The next two chapters offer a careful exposition of the major analytical results of game theory. Whilst never losing sight of how powerful an analytical tool game theory is, the book also points out the intellectual limitations (as well as the philosophical and politicalimplications) of the assumptions it depends on. Chapter 4 turns to the theory of bargaining, and concludes by asking: What does game theory add to the Social Contract tradition? Chapter 5 explains the analytical significance of the famous ‘prisoners’ dilemma’, while Chapter 6 examines how repetition of such games can lead to particular theories of the State. Chapter 7 examines the recent attempt to overcome theoretical dead-ends using evolutionary approaches, which leads to some interesting ideas about social structures, history and morality. Finally, Chapter 8 reports on laboratory experiments in which people played the games outlined in earlier chapters. The book offers a penetrating account of game theory, covering the topics in depth. However by considering the debates in and around the theory it also establishes its connection with traditional social theories.
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