Article ID: | iaor19991947 |
Country: | United Kingdom |
Volume: | 49 |
Issue: | 2 |
Start Page Number: | 144 |
End Page Number: | 150 |
Publication Date: | Feb 1998 |
Journal: | Journal of the Operational Research Society |
Authors: | Howard N. |
Keywords: | drama theory |
The basic theorems of ‘soft’ game theory are proved. This involves defining six ‘paradoxes’ (or dilemmas) of rationality and proving that if none of them exist, then the players all agree on a solution with strong self-reinforcing properties – a so-called ‘strict, strong equilibrium’.