A brief interpretive history of game theory

Keyword(s):  
Author(s):  
Harald Høiback

AbstractMilitary operations can be a complex and cumbersome undertaking, involving millions of soldiers and tonnes of equipment. Even though war has been part of human experience for time immemorial, systematic thinking about how to prepare, conduct, and use military operations is nonetheless a rather new undertaking. This chapter explores the history of thinking about military operations, broadly defined, and narrows down on operations as the concept is used today.After the historical exploration, the chapter investigates how military operations can be studied. In principle, there are four different ways to approach operations as a field of study. The most common methods are the historical method and operations research, i.e., making heuristic models of reality. Game theory and axiomatic foundationalism are the other two but are far less used than the former two.The development of modern military thinking notwithstanding, it is still difficult to convert military power to strategic gains, and the latter part of the chapter explains why. Military commanders and planning groups do not always get the what and why from the political level, making it difficult to find the how. Military operations are also intrinsically difficult because your opponent will try to make it difficult for you. The concept of an operational level of command is also problematic, since it tends to do the opposite of what is intended. Instead of pulling tactics and strategy closer together, it tends to push them apart. And finally, the word “art” in “operational art” is perhaps also an unfortunate misnomer?


2015 ◽  
pp. 1849-1872
Author(s):  
Ben Tran

In 1954, the British philosopher Richard Braithwaite gave his inaugural lecture, Theory of Games as a Tool for the Moral Philosopher. Braithwaite predicted game theory would fundamentally change moral philosophy. However, in hindsight, John von Neumann and Oskar Morgenstern's publication of Theory of Games and Economic Behaviour was the moment modern game theory entered the discipline of ethics. The purpose of this chapter is to analyze the relationship between game theory and business ethics. In other words, this chapter explains how game theory plays a role in business ethics and affects business ethics for emerging economies and covers in detail: 1) the history of game theory; 2) types of/definition(s) of games; 3) business ethics; 4) business; and 5) ethics. The chapter concludes with the role that game theory and business ethics play in emerging economies.


Recently, game-theoretic models have become famous in many academic research areas. Therefore, many applications and extensions of the original game theoretic approach appear in many of the major science fields. Despite all the technical problems, the history of game theory suggests that it would be premature to abandon the tool, especially in the absence of a viable alternative. If anything, the development of game theory has been driven precisely by the realization of its limitations and attempts to overcome them. This chapter explores these ideas.


1999 ◽  
Vol 37 (3) ◽  
pp. 1067-1082 ◽  
Author(s):  
Roger B Myerson

John Nash's formulation of noncooperative game theory was one of the great breakthroughs in the history of social science. Nash's work in this area is reviewed in its historical context to better understand how the fundamental ideas of noncooperative game theory were developed and how they changed the course of economic theory.


2003 ◽  
Vol 45 (1) ◽  
pp. 15-18 ◽  
Author(s):  
Kenneth J. Arrow
Keyword(s):  

Author(s):  
Cristina Bicchieri

Much of the history of game theory has been dominated by the problem of indeterminacy. The very search for better versions of rationality, as well as the long list of attempts to refine Nash equilibrium, can be seen as answers to the indeterminacy that has accompanied game theory through its history. More recently, the experimental approach to game theory has attempted a more radical solution: by directly generating a stream of behavioral observations, one hopes that behavioral hypotheses will be sharper, and predictions more accurate. This article looks at several attempts to address indeterminacy, including the shift to evolutionary models. However, because its goal is to establish whether rational choice models are inescapably doomed to produce indeterminate outcomes, it pays much more attention to the experimental turn in game theory, the difficulty it encounters, and the promising results obtained by more realistic models of rationality that include a social component.


2010 ◽  
pp. 26-43 ◽  
Author(s):  
R. Myerson

John Nashs formulation of noncooperative game theory was one of the great breakthroughs in the history of social science. Nashs work in this area is reviewed in its historical context to better understand how the fundamental ideas of noncooperative game theory have been developed and how they have changed the course of economic theory. It is shown in particular how the scope of economics has changed from production and allocation of material goods to the study of rational competitive behavior in any institution of society.


Game Theory ◽  
2017 ◽  
pp. 244-336
Author(s):  
Sungwook Kim

Recently, game-theoretic models have become famous in many academic research areas. Therefore, many applications and extensions of the original game theoretic approach appear in many of the major science fields. Despite all the technical problems, the history of game theory suggests that it would be premature to abandon the tool, especially in the absence of a viable alternative. If anything, the development of game theory has been driven precisely by the realization of its limitations and attempts to overcome them. This chapter explores these ideas.


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