 Team reasoning without a hive mindMantas Radzvilas and Jurgis Karpus Research in Economics, 2021, vol. 75, issue 4, 345-353 Abstract: The theory of team reasoning has been developed to resolve a long-lasting niggle in orthodox game theory. Despite its intuitive appeal, the theory has received little attention from mainstream game theorists and economists to date. We believe that this is so because of two theoretic issues, which the theory of team reasoning itself needs to resolve. One of these presents a worry that the theory achieves its explanatory and predictive success by abandoning ontological individualism — a fundamental precept in mainstream economics, including game theory. Here we argue that the theory of team reasoning is compatible with ontological individualism. We show that the core principles of the theory — those that give rise to the above worry — are in fact implicitly assumed in some branches of orthodox game theory itself. We also argue against the methodological approach that construes team reasoning as involving a transformation of the interacting players’ payoffs in modelled games. Keywords: Team reasoning; Collective agency; Agency transformation; Ontological individualism; Game theory; Payoff dominance (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:reecon:v:75:y:2021:i:4:p:345-353 DOI: 10.1016/j.rie.2021.09.003 Access Statistics for this article Research in Economics is currently edited by Federico Etro More articles in Research in Economics from Elsevier |
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