Beyond Individual Choice: Teams and Frames in Game Theory by Michael BacharachBeyond Individual Choice: Teams and Frames in Game Theory by Michael Bacharach

Beyond Individual Choice: Teams and Frames in Game Theory

byMichael Bacharach

Hardcover | May 7, 2006

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Game theory is central to modern understandings of how people deal with problems of coordination and cooperation. Yet, ironically, it cannot give a straightforward explanation of some of the simplest forms of human coordination and cooperation--most famously, that people can use the apparently arbitrary features of "focal points" to solve coordination problems, and that people sometimes cooperate in "prisoner's dilemmas." Addressing a wide readership of economists, sociologists, psychologists, and philosophers, Michael Bacharach here proposes a revision of game theory that resolves these long-standing problems.


In the classical tradition of game theory, Bacharach models human beings as rational actors, but he revises the standard definition of rationality to incorporate two major new ideas. He enlarges the model of a game so that it includes the ways agents describe to themselves (or "frame") their decision problems. And he allows the possibility that people reason as members of groups (or "teams"), each taking herself to have reason to perform her component of the combination of actions that best achieves the group's common goal. Bacharach shows that certain tendencies for individuals to engage in team reasoning are consistent with recent findings in social psychology and evolutionary biology.


As the culmination of Bacharach's long-standing program of pathbreaking work on the foundations of game theory, this book has been eagerly awaited. Following Bacharach's premature death, Natalie Gold and Robert Sugden edited the unfinished work and added two substantial chapters that allow the book to be read as a coherent whole.

Michael Bacharach (1936-2002) was Professor of Economics at the University of Oxford, where he was also Director of the Bounded Rationality in Economic Behavior Research Unit. His books included the present work, which he was completing at the time of his death, and Economics and the Theory of Games. Natalie Gold is a Postdoctoral Fel...
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Title:Beyond Individual Choice: Teams and Frames in Game TheoryFormat:HardcoverDimensions:248 pagesPublished:May 7, 2006Publisher:Princeton University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0691120056

ISBN - 13:9780691120058

Reviews

Table of Contents

List of Illustrations vii

List of Tables ix

Foreword xi

Preface xiii

Introduction 1

Chapter 1: The Hi-Lo Paradox 35

Chapter 2: Groups 69

Chapter 3: The Evolution of Group Action 95

Chapter 4: Team Thinking 120

Conclusion 155

References 203

Index 211

Editorial Reviews

"Beyond Individual Choice addresses an important topic in game theory, namely, the type of reasoning that leads to coordination and cooperation in common interest games. It offers sensible and creative solutions to problems of strategic reasoning and thereby makes an excellent contribution to the foundations of game theory. The editors have done a fine job with Michael Bacharach's work; their perspectives complement his and add both unity and depth to the volume. Economists, psychologists, and philosophers will welcome the book, which is accessible to students of game theory in each of those disciplines."-Paul Weirich, Professor of Philosophy, University of Missouri, author of Realistic Decision Theory