Games to Play and Games not to Play Games to Play and Games not to Play
Studies in Systems, Decision and Control

Games to Play and Games not to Play

Strategic Decisions via Extensions of Game Theory

    • $149.99
    • $149.99

Publisher Description

This book contributes to the theatrical discussions of equilibria that rest on error―in which we include mistaken choices of games to play. Extant game theory recommends diverse strategies (plans of actions) for various given games, particularly those in Nash equilibria, in which no player benefits from one-sided strategy alteration. The literature also refers to the design of games that fit given goals. This is the mechanism design theory; its function is to serve social planners ignorant of the preferences of the people intended to play them.

Our study of games avoidance adds to game theory the meta-game of choosing what game to play and what game to avoid playing, and that both players and planners can generate. This comprises a shift from the maximalist position that aims to maximize possible profit to the minimalist one that aims at minimizing possible loss. This shift depends on the question, considering the public interest, what set of games is it advisable to encourage? Obviously, it is advisable to encourage playing some groups of games such as trade, as well as to discourage playing other groups of games such as wars. This shift makes the theory much more applicable to social science: usually, choosing what game to play is less practical than choosing what game not to play. This invites legislation and similar incentives; their study should aim at the improvement of their usefulness.

Discussing the possibility of changing both game and strategy renders game theory part-and-parcel of social science. For this mathematical models will not do: it requires a clear distinction between describing options and explaining situations. Explanations may enhance efforts at improvement.

GENRE
Professional & Technical
RELEASED
2023
May 18
LANGUAGE
EN
English
LENGTH
247
Pages
PUBLISHER
Springer Nature Switzerland
SELLER
Springer Nature B.V.
SIZE
1.8
MB

Other Books in This Series

Foundations of Trusted Autonomy Foundations of Trusted Autonomy
2018
Managing the Complexity of Critical Infrastructures Managing the Complexity of Critical Infrastructures
2017
Cybernetics Cybernetics
2015
Developments in Information and Knowledge Management Systems for Business Applications Developments in Information and Knowledge Management Systems for Business Applications
2023
Vision Based Identification and Force Control of Industrial Robots Vision Based Identification and Force Control of Industrial Robots
2022
Building a Cybersecurity Culture in Organizations Building a Cybersecurity Culture in Organizations
2020