Reinhard Selten Libros

Focusing on the intricacies of game theory, this volume delves into the fundamental concepts, applied models, and experimental evidence surrounding strategic interactions among rational actors. It highlights the tension between Bayesian rationality and the limitations of actual decision-making behaviors, advocating for a clear distinction between normative and descriptive game theory. The author emphasizes the importance of exploring idealized rationality while underscoring the necessity of rigorous discussions on foundational principles, setting the stage for deeper analysis and understanding.

The theory of impulse balance offers a unique perspective on mixed strategies in n-person games, diverging from traditional rational deliberation. Instead, it views these strategies as the behavioral distribution of pure strategies developed over an extended supergame. This approach provides insights into player behavior and decision-making in complex game scenarios.