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GAME THEORY: A PRACTITIONER'S APPROACH

Thomas Schelling

Economics and Philosophy, 2010, vol. 26, issue 1, 27-46

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.

Date: 2010
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