A THEORY OF MAN AS A CREATOR OF THE WORLD*

Akihiko Matsui ()

The Japanese Economic Review, 2008, vol. 59, issue 1, 19-32

Abstract: The present paper proposes a theory of man, wherein man constructs models of the world based on past experiences in social situations. The present theory considers experiences, or chunks of impressions, as primitives instead of an objective game, which is assumed to be given in the standard game theory. Agents construct models of the world based on direct and indirect experiences. Each model comprises a structural part and a factual part. The structural part is represented as a game, while the factual part is represented as a strategy profile of this game. In constructing a model, an agent might use certain axioms—for example coherence, according to which the model should be able to explain his or her own experiences; conformity to a solution concept; and minimality with respect to some simplicity measure. A few applications are presented to demonstrate how this theory works.

Date: 2008
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https://doi.org/10.1111/j.1468-5876.2007.00443.x

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