Strategy
Michael Allingham
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Michael Allingham: Magdalen College
Chapter 4 in Rational Choice, 1999, pp 71-88 from Palgrave Macmillan
Abstract:
Abstract We address the problem of strategic choice, as a generalisation of the problem of choice under uncertainty. We first set out the problem, propose a definition of rationality and provide a characterisation of the choice rules which are rational. We conclude by discussing two alternative approaches to the strategy problem.
Keywords: Rational Choice; Expected Utility; Positive Probability; Choice Rule; Pure Nash Equilibrium (search for similar items in EconPapers)
Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-14936-0_5
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DOI: 10.1007/978-1-349-14936-0_5
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