IDEAS home Printed from https://ideas.repec.org/a/dse/indecr/v42y2007i1p41-55.html
   My bibliography  Save this article

Kautilya on Time Inconsistency Problem and Asymmetric Information

Author

Listed:
  • Balbir Sihag

    (University of Massachusetts Lowell, Lowell, Mass, USA)

Abstract

Although Kautilya does not provide any formal analysis, his approach contains almost all the ingredients of a game theory. He was certainly not aware of the numerous new jargons, such as sequential rationality, Bayes-Nash equilibrium, subgame perfection, backward induction, and forward induction, which have been added to the vocabulary during the past few decades to study strategic interactions. However, he clearly lays out an extensive form of a game and lists all the possible options available to a king on each node. He incorporates foresight, asymmetric information, and the possibility of ‘time inconsistency’ into his analysis of strategic interactions.

Suggested Citation

  • Balbir Sihag, 2007. "Kautilya on Time Inconsistency Problem and Asymmetric Information," Indian Economic Review, Department of Economics, Delhi School of Economics, vol. 42(1), pages 41-55, July.
    • Handle: RePEc:dse:indecr:v:42:y:2007:i:1:p:41-55
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Keywords

    Time Inconsistency; Credibility; Asymmetric Information; Backward Induction; Game Theoretic;
    All these keywords.

    JEL classification:

    • B11 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Preclassical (Ancient, Medieval, Mercantilist, Physiocratic)

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:dse:indecr:v:42:y:2007:i:1:p:41-55. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Pami Dua (email available below). General contact details of provider: https://edirc.repec.org/data/deudein.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.