Modal logic and game theory: two alternative approaches

Giacomo Bonanno ()

Risk, Decision and Policy, 2002, vol. 7, issue 3, 309-324

Abstract: Two views of game theory are discussed: (1) game theory as a description of the behavior of rational individuals who recognize each other's reationality and reasoning abilities, and (2) game theory as an internally consistent recommendation to individuals on how to act in interactive situations. It is shown that the same mathematical tool, namely modal logic, can be used to explicitly model both views.

Date: 2002
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