An intersubjective model of agency for game theory

Vivienne Brown

Economics and Philosophy, 2020, vol. 36, issue 3, 355-382

Abstract: This paper proposes a new interpretation of non-cooperative games that shows why the unilateralism of best-reply reasoning fails to capture the mutuality of strategic interdependence. Drawing on an intersubjective approach to theorizing individual agency in shared context, including a non-individualistic model of common belief without infinite regress, the paper develops a general model of a 2 × 2 simultaneous one-shot non-cooperative game and applies it to games including Hi-Lo, Stag Hunt, Prisoners’ Dilemma, Chicken, BoS and Matching Pennies. Results include High as the rational choice in Hi-Lo, and Cooperate as a possible rational choice in the Prisoners’ Dilemma.

Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:cup:ecnphi:v:36:y:2020:i:3:p:355-382_3

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