February 24
Relation of Game Theory to Economic History and Marginalism
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Relation of Game Theory to Economic History and Marginalism
Killion, M. Ulric (2009): Relation of Game Theory to Economic History and Marginalism. Unpublished.
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Abstract
The Article presents a brief survey of economic history, by emphasizing the earlier history of neo-classical economic theory and the economic theory of marginal utility. The Articles does so, by exploring the relation of game theory or the strategic game to developments in the field or science of economics, especially developments in economic thought occurring during the earlier marginal revolution or the economic history of marginalism. By doing so, the Article intends to show, though most attribute the new science of modern game theory to the field of mathematics, that the influence of corresponding or correlating developments in the field, science or discipline of economics was equally influential in the birth of game theory or the strategic game.
Item Type:
MPRA Paper
MPRA Paper
Language:
English
English
Keywords:
Economic history, neo-classical theory, marginalism, game theory
Economic history, neo-classical theory, marginalism, game theory
Subjects:
B - Schools of Economic Thought and Methodology > B1 - History of Economic Thought through 1925
A - General Economics and Teaching > A1 - General Economics
C - Mathematical and Quantitative Methods > C7 - Game Theory and Bargaining Theory
B - Schools of Economic Thought and Methodology > B1 - History of Economic Thought through 1925
A - General Economics and Teaching > A1 - General Economics
C - Mathematical and Quantitative Methods > C7 - Game Theory and Bargaining Theory
ID Code:
13436
13436
Deposited By:
M. Ulric Killion
M. Ulric Killion
Deposited On:
17. Feb 2009 09:00
17. Feb 2009 09:00
Last Modified:
17. Feb 2009 09:00
17. Feb 2009 09:00
References:
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Aumann, R. J. and M. Maschler. (1985). Game Theoretic Analysis of a Bankruptcy Problem from the Talmud, Journal of Economic Theory 36, 195-213.
Benjamin, Arthur T. and A.J. Goldman. 2002. “Analysis of N-Card le Her,” Journal of Optimization Theory and Applications, vol. 114, no. 3, September Issue.
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_____. 1982. Die Werke von Daniel Bernoulli: Band 2: Analysis, Wahrscheinlichkeitsrechnung (Gesammelten Werke der Mathematiker Und Physiker der Familie), D. Speiser, L.P. Bouchaert & B.L. van der Waerden, eds., Birkhäuser Basel.
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Jevons, William Stanley. 1866. Brief Account of A General Mathematical Theory of Political Economy, Journal of the Royal Statistical Society, London, XXIX, June, 282-87, (Section F of the British Association.
_____. 1891. The Theory of Political Economy (1871), Ibis.
Kauder, Emil. 1953. The Retarded Acceptance of the Marginal Utility Theory, The Quarterly Journal of Economics, Vol. 67, No. 4, November Issue, 564-575.
Machina, Mark J. 1990. Expected utility hypothesis, In Utility and Probabililty, J. Eatwell, M. Milgate & P. Newman, eds., Norton, 89.
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_____. 1976. Principles of Economics, (J. Dingwall & B. F. Hoselitz, trans., New York, 97.
_____. 2007. Principles of Economics (1871), Ludwig von Mises Institute, [Grundsätze der Volkswirtschaftslehre].
Menger, Karl. 1934. Das Unsicherheitsmoment in der Wertlehre, Zeitschrift für Nationalökonomie, 5 (4): 459–485 (Aug.), [The Role of Uncertainty in Economics, Journal of Economics, vol. 5, no. 4, 459-485 (Aug.)].
Mises, Ludwig von. 1949. Human Action (1940), 119-27.
_____. 1985. Liberalism in the Classical Tradition, (German ed., 1927), Ralph Raico, trans., Foundation for Economic Education.
Morrison, Clarence C. 1998. Cournot, Bertrand, and Modern Game Theory, Atlantic Economic Journal, Vol. 26, No. 2, June Issue, 172-174.
Nash, Jr., John F. 1950a. Equilibrium Points in N-person Games, Proceedings of the National Academy of Sciences, Vol. 36, 48-49.
_____. 1950b. The Bargaining Problem, Econometrica, Vol. 18, 155-162.
_____. 1953. Two-person Cooperative Games, Econometrica, Vol. 21, 128-140.
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Crespi, Gregory Scott. 1998. Exploring the Complicationist Gambit: An Austrian Approach to the Economic
Analysis of Law, Vol. 73, No. 2, Notre Dame Law Review, January Issue, 320-21.
Dresher, M. 1951. “Games of Strategy”, Math. Magazine, 25, 93–99.
Fisher, R.A. 1934. “Randomisation and an Old Enigma of Card Play”, Math. Gazette, 18, 294–297.
Ghoneim, Hebatallah and Yasmine Reda. 2008. The US-China Trade Conflict: A Game Theoretical Analysis, Working Paper No. 15, October Issue, German University in Cairo.
Gossen, Hermann Heinrich. 1967. Entwicklung der Gesetze des menschlichen Verkehrs und der daraus fließenden Regeln für menschliches Handeln (1954), Liberac.
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_____. 1891. The Theory of Political Economy (1871), Ibis.
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_____. 1976. Principles of Economics, (J. Dingwall & B. F. Hoselitz, trans., New York, 97.
_____. 2007. Principles of Economics (1871), Ludwig von Mises Institute, [Grundsätze der Volkswirtschaftslehre].
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Mises, Ludwig von. 1949. Human Action (1940), 119-27.
_____. 1985. Liberalism in the Classical Tradition, (German ed., 1927), Ralph Raico, trans., Foundation for Economic Education.
Morrison, Clarence C. 1998. Cournot, Bertrand, and Modern Game Theory, Atlantic Economic Journal, Vol. 26, No. 2, June Issue, 172-174.
Nash, Jr., John F. 1950a. Equilibrium Points in N-person Games, Proceedings of the National Academy of Sciences, Vol. 36, 48-49.
_____. 1950b. The Bargaining Problem, Econometrica, Vol. 18, 155-162.
_____. 1953. Two-person Cooperative Games, Econometrica, Vol. 21, 128-140.
Neumann, John and Oskar Morgenstern. 1928. Zur Theorie der Gesellschaftsspiele, Mathematische Annalen, 100, 295–300.
_____. 1944. Theory of Games and Economic Behavior, Princeton.
Ohlin, Bertil. 1926. Obituary: Knut Wicksell (1851-1926), The Economic Journal, Vol. 36, No. 143, September Issue, 503-512.
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