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Modal logic and game theory: two alternative approaches

Published online by Cambridge University Press:  21 November 2002

Giacomo Bonanno
Giacomo Bonanno*
Affiliation:
Department of Economics, University of California, Davis, CA 95616-8578 USA. E-mail:[email protected]
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Abstract

Two views of game theory are discussed: (1) game theory as a description of the behavior of rational individuals who recognize each other's reationality and reasoning abilities, and (2) game theory as an internally consistent recommendation to individuals on how to act in interactive situations. It is shown that the same mathematical tool, namely modal logic, can be used to explicitly model both views.

Type
Research Article
Information
Risk, Decision and Policy , Volume 7 , Issue 3 , December 2002 , pp. 309 - 324
Copyright
Copyright © Risk Decision and Policy 2002

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