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Author: | Mariotti, M. |
Title: | Decisions in games: why there should be a special exception from Bayesian rationality |
Journal: | Journal of Economic Methodology
1997 : JUN, Vol. 4:1, p. 43-60 |
Index terms: | BAYESIAN STATISTICS GAME THEORY METHODOLOGY |
Language: | eng |
Abstract: | The author has examined the Bayesian foundations of game theory and advanced three main theses: 1) that if Bayesianism is to be used in game theory , then simpler versions of it are methodologically preferable to the more sophisticated ones; 2) that it is dubious whether the Savage (or Anscombe and Aumann) axiom system can yield an axiomatic justification for Bayesianism in game theory; and 3) that there exist other foundational frameworks for games which are at least as convincing as Bayesian one. |
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