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Relation of game theory to economic history and marginalism

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  • Killion, M. Ulric

Abstract

The Article presents a brief survey of economic history, by emphasizing the earlier history of neo-classical economic theory and the economic theory of marginal utility. The Articles does so for exploring the relation of game theory or the strategic game to developments in the field or science of economics, especially developments in economic thought occurring during the earlier marginal revolution or the economic history of marginalism. By doing so, the Article intends to show, though most attribute the new science of modern game theory to the field of mathematics, that the influence of corresponding or correlating developments in the field, science or discipline of economics was equally influential in the birth of game theory or the strategic game.

Suggested Citation

  • Killion, M. Ulric, 2009. "Relation of game theory to economic history and marginalism," MPRA Paper 13378, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:13378
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    File URL: https://mpra.ub.uni-muenchen.de/13436/1/MPRA_paper_13436.pdf
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    References listed on IDEAS

    as
    1. Milan Zafirovski, 2001. "Max Weber's Analysis of Marginal Utility Theory and Psychology Revisited: Latent Propositions in Economic Sociology and the Sociology of Economics," History of Political Economy, Duke University Press, vol. 33(3), pages 437-458, Fall.
    2. Hebatallah Ghoneim & Yasmine Reda, 2008. "The US-China Trade Conflict: A Game Theoretical Analysis," Working Papers 15, The German University in Cairo, Faculty of Management Technology.
    3. Peter Senn, 2000. "Mathematics and the social sciences at the time of the modern beginnings of the social sciences," Journal of Economic Studies, Emerald Group Publishing, vol. 27(4/5), pages 271-292, September.
    4. Shachat, Jason M., 2002. "Mixed Strategy Play and the Minimax Hypothesis," Journal of Economic Theory, Elsevier, vol. 104(1), pages 189-226, May.
    5. Samuelson, Paul A, 1974. "Complementarity-An Essay on the 40th Anniversary of the Hicks-Allen Revolution in Demand Theory," Journal of Economic Literature, American Economic Association, vol. 12(4), pages 1255-1289, December.
    6. Emil Kauder, 1953. "The Retarded Acceptance of the Marginal Utility Theory," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 67(4), pages 564-575.
    7. Reghinos D. Theocharis, 1990. "A Note on the Lag in the Recognition of Cournot's Contribution to Economic Analysis," Canadian Journal of Economics, Canadian Economics Association, vol. 23(4), pages 923-933, November.
    8. Aumann, Robert J. & Maschler, Michael, 1985. "Game theoretic analysis of a bankruptcy problem from the Talmud," Journal of Economic Theory, Elsevier, vol. 36(2), pages 195-213, August.
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    Cited by:

    1. Waclaw Stankiewicz, 2013. "Another success for game theory: Nobel laureates in economic sciences in 2012," Ekonomia i Prawo, Uniwersytet Mikolaja Kopernika, vol. 12(1), pages 163-183, March.

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    More about this item

    Keywords

    Economic history; neo-classical theory; marginalism; game theory;
    All these keywords.

    JEL classification:

    • B1 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925
    • A1 - General Economics and Teaching - - General Economics
    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory

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