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The Conception of the Individual in Non-Cooperative Game Theory

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Author Info
John B. Davis () (Faculty of Economics and Econometrics, Universiteit van Amsterdam)

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Abstract

This paper examines the conception of individuals as being of certain types in Harsanyi's transformation of games of incomplete information into games of complete information. It argues that while the conception of the individual in games of complete information offers potential advances over the problematic neoclassical conception of the individual, Harsanyi's more realistic incomplete information games framework essentially re-introduces the difficulties from the neoclassical conception. A further argument of the paper is that flxed point equilibrium existence proof theorems and individual existence proofs function in an analogous manner, and can consequently been seen as both dependent upon one another. Thus the inadequacy of Harsanyi's conception of individuals raises questions about Nash equilibrium approaches to equilibria in games.

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Paper provided by Tinbergen Institute in its series Tinbergen Institute Discussion Papers with number 03-095/2.

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Date of creation: 01 Dec 2003
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Handle: RePEc:dgr:uvatin:20030095

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Web page: http://www.tinbergen.nl/

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Related research
Keywords: conceptions of individuals Harsanyi games of incomplete information fixed point theorems Nash equilibrium

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Find related papers by JEL classification:
C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
D5 - Microeconomics - - General Equilibrium and Disequilibrium

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Aumann, Robert J, 1987. "Correlated Equilibrium as an Expression of Bayesian Rationality," Econometrica, Econometric Society, vol. 55(1), pages 1-18, January. [Downloadable!] (restricted)
  2. Kahneman, Daniel & Knetsch, Jack L & Thaler, Richard, 1986. "Fairness as a Constraint on Profit Seeking: Entitlements in the Market," American Economic Review, American Economic Association, vol. 76(4), pages 728-41, September. [Downloadable!] (restricted)
  3. Harsanyi, John C, 1995. "Games with Incomplete Information," American Economic Review, American Economic Association, vol. 85(3), pages 291-303, June.
  4. John B. Davis & Matthias Klaes, 2003. "Reflexivity: curse or cure?," Journal of Economic Methodology, Taylor and Francis Journals, vol. 10(3), pages 329-352, September. [Downloadable!] (restricted)
  5. Rizvi, S Abu Turab, 1994. "Game Theory to the Rescue?," Contributions to Political Economy, Oxford University Press, vol. 13(0), pages 1-28.
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. John B. Davis, 2004. "Identity and Commitment: Sen's Conception of the Individual," Tinbergen Institute Discussion Papers 04-055/2, Tinbergen Institute. [Downloadable!]
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