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Does Game Theory Work? The Bargaining Challenge

 

Binmore offers a recipe for making game theory work. He focuses on the most basic of its principles, about which many of the theory's critics are unaware, and captures their essence in observable terms, which theorists typically fail to do. Binmore develops the science of game theory by demonstrating that these fundamental principles are able to connect perplexing aspects of human behavior that can be captured by no other branch of science, and he does so through the implementation of laboratory methods that leave no question about how they operate.



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Tags: theory, about, which, Binmore, principles, Theory, science