IDEAS home Printed from https://ideas.repec.org/p/fip/fedmsr/54.html
   My bibliography  Save this paper

A general method of solution for game theory and its relevance for economic theorizing

Author

Listed:
  • John Bryant

Abstract

According to the folklore of economics, game theory has failed. This paper argues that that is an incorrect interpretation of the game theory literature. When faced with a well-posed problem, game theory provides a solution. When faced with an ill-posed problem, game theory fails to provide a solution. This is, indeed, the best one can hope for from a method of analysis! Further, some suggestions are made for facing game theory with well-posed economic problems.

Suggested Citation

  • John Bryant, 1980. "A general method of solution for game theory and its relevance for economic theorizing," Staff Report 54, Federal Reserve Bank of Minneapolis.
    • Handle: RePEc:fip:fedmsr:54
    as

    Download full text from publisher

    File URL: http://minneapolisfed.org/research/sr/sr54.pdf
    Download Restriction: no
    File URL: http://www.minneapolisfed.org/research/common/pub_detail.cfm?pb_autonum_id=335
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:fedmsr:54. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Jannelle Ruswick (email available below). General contact details of provider: https://edirc.repec.org/data/cfrbmus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.