The Theory of Social Situations: An Alternative Game-Theoretic Approach by Josep
89,64 €
The theory requires that all alternatives that are available to the players be specified in an explicit and detailed manner, and this specification is defined as a social 'situation'. For example, the theory naturally accommodates coalition formation as well as bounded rationality concerning both the perception and the computation abilities of the players.Moreover, the theory forces the specification of all relevant aspects for rational decision making, such as the existing institutions and the negotiation process.
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