Reasonable Rules of Choice

Carlo Luigi Beretta

Research output: Contribution to journalArticlepeer-review

Abstract

Players have consonant interests if each has a strategy favourable to the pursuit of his own and the interests of the others when the latter adopt a best response. Reasonableness is to move according to such a strategy at the stage reached, reaping the gains this generates. Some overt games hide an underlying game in the choice of rules of choice in which reasonableness is substantively rational, credible and leads to a state that Pareto dominates the Nash equilibria of the original game. The paper contains an application to the finite prisoner’s dilemma
Original languageEnglish
Pages (from-to)413-426
Number of pages14
JournalEconomia Politica
Volume2014
DOIs
Publication statusPublished - 2014

Keywords

  • Choice
  • Games
  • Rules

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