Article ID: | iaor20002936 |
Country: | India |
Volume: | 21 |
Issue: | 1 |
Start Page Number: | 129 |
End Page Number: | 147 |
Publication Date: | Jan 2000 |
Journal: | Journal of Information & Optimization Sciences |
Authors: | Teruhisa Nakai |
There are many examples of non-cooperative games in which a player does not necessarily select the Nash equilibrium strategy in practice. In order to understand such a situation rationally, we propose a subjective game for each player which is constituted by taking his motive for selecting his strategy into consideration. In particular we give a rational model for explaining an actual behavior of each player in the prisoner's dilemma game.