http://nsdl.library.cornell.edu/websites/expertvoices/info2040/archives/1788 This is a supplemental blog for a course which will cover how the social, technological, and natural worlds are connected, and how the study of networks sheds light on these connections. Fri, 08 Mar 2013 14:24:40 +0000 http://wordpress.org/?v=2.3.3 http://nsdl.library.cornell.edu/websites/expertvoices/info2040/archives/1788#comment-1210 Cornell Info 204 Digest » Blog Archive » Combinatorial Auctions, Fairness in Games and Growth in Networks Thu, 01 Mar 2007 20:34:35 +0000 http://nsdl.library.cornell.edu/websites/expertvoices/info2040/archives/1788#comment-1210 [...] Princess Felicia Octavia Gabrielle del Granditois raises interesting questions about fairness and justice in games. We have seen similar issues in our discussion of the ultimatum game and in network exchange where individuals are willing to fore-go small amounts of money rather than accept unfair deals. The behavioral economics literature discusses many such departures from narrowly defined rationality. One question that this discussion raises is: what are the payoffs in a game? In class we have taken payoffs to be the value of some private good that the individual receives, like money. In principle, there is nothing in game theory (or the decision theory that underlies it) that requires this choice. An individual’s payoff could just as well be some function of the amount of money they receive and the amount of money the other player receives. This post also relates Nash equilibrium to a process of natural selection. Later in the course we will discuss Evolutionary Game Theory which begins with natural selection and derives an equilibrium which is similar to, but not quite the same as, Nash equilibrium. [...] […] Princess Felicia Octavia Gabrielle del Granditois raises interesting questions about fairness and justice in games. We have seen similar issues in our discussion of the ultimatum game and in network exchange where individuals are willing to fore-go small amounts of money rather than accept unfair deals. The behavioral economics literature discusses many such departures from narrowly defined rationality. One question that this discussion raises is: what are the payoffs in a game? In class we have taken payoffs to be the value of some private good that the individual receives, like money. In principle, there is nothing in game theory (or the decision theory that underlies it) that requires this choice. An individual’s payoff could just as well be some function of the amount of money they receive and the amount of money the other player receives. This post also relates Nash equilibrium to a process of natural selection. Later in the course we will discuss Evolutionary Game Theory which begins with natural selection and derives an equilibrium which is similar to, but not quite the same as, Nash equilibrium. […]

]]> http://nsdl.library.cornell.edu/websites/expertvoices/info2040/archives/1788#comment-1209 Article Feed » Where are Irrationality, Justice, and Morality in Game Theory? Tue, 27 Feb 2007 04:29:26 +0000 http://nsdl.library.cornell.edu/websites/expertvoices/info2040/archives/1788#comment-1209 [...] Read More Princess Felicia Octavia Gabrielle del Granditois [...] […] Read More Princess Felicia Octavia Gabrielle del Granditois […]

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