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Game theory : The next stage

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  • van Damme, E.E.C.

    (Tilburg University, Center For Economic Research)

Abstract

This paper surveys some recent developments in (non-cooperative) game theory and provides an outlook on the near future of that theory. In particular, attention is focused on the limitations inherent in normative game theory and on attempts to construct a behavioral version of the theory that incorporates aspects of procedural and bounded rationality. It is argued that a redirection towards more empirical work may be called for.
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Suggested Citation

  • van Damme, E.E.C., 1995. "Game theory : The next stage," Discussion Paper 1995-73, Tilburg University, Center for Economic Research.
    • Handle: RePEc:tiu:tiucen:7779b0f9-bef5-45c7-ae6b-7b995b61c6ae
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    Cited by:

    1. van Raalte, C.L.J.P., 1996. "Market formation and market selection," Other publications TiSEM 5b11cea5-dfe7-4a8c-adb9-f, Tilburg University, School of Economics and Management.
    2. Herings, P.J.J. & van den Elzen, A.H., 1998. "Computation of the Nash Equilibrium Selected by the Tracing Procedure in N-Person Games," Other publications TiSEM f30f7bfb-4975-4851-ac39-0, Tilburg University, School of Economics and Management.
    3. Herings, P. Jean-Jacques & van den Elzen, Antoon, 2002. "Computation of the Nash Equilibrium Selected by the Tracing Procedure in N-Person Games," Games and Economic Behavior, Elsevier, vol. 38(1), pages 89-117, January.
    4. Espinosa Alejos, María Paz & Kovarik, Jaromir & Ponti, Giovanni, 2010. "Strategic Interaction and Conventions," DFAEII Working Papers 1988-088X, University of the Basque Country - Department of Foundations of Economic Analysis II.
    5. Teck H. Ho & Noah Lim & Colin Camerer, 2005. "Modeling the Psychology of Consumer and Firm Behavior with Behavioral Economics," Levine's Bibliography 784828000000000476, UCLA Department of Economics.

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