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Team Reasoning And A Measure Of Mutual Advantage In Games

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  • Karpus, Jurgis
  • Radzvilas, Mantas

Abstract

The game theoretic notion of best-response reasoning is sometimes criticized when its application produces multiple solutions of games, some of which seem less compelling than others. The recent development of the theory of team reasoning addresses this by suggesting that interacting players in games may sometimes reason as members of a team – a group of individuals who act together in the attainment of some common goal. A number of properties have been suggested for team-reasoning decision-makers’ goals to satisfy, but a few formal representations have been discussed. In this paper we suggest a possible representation of these goals based on the notion of mutual advantage. We propose a method for measuring extents of individual and mutual advantage to the interacting decision-makers, and define team interests as the attainment of outcomes associated with maximum mutual advantage in the games they play.

Suggested Citation

  • Karpus, Jurgis & Radzvilas, Mantas, 2018. "Team Reasoning And A Measure Of Mutual Advantage In Games," Economics and Philosophy, Cambridge University Press, vol. 34(1), pages 1-30, March.
  • Handle: RePEc:cup:ecnphi:v:34:y:2018:i:01:p:1-30_00
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    Cited by:

    1. Guilhem Lecouteux, 2018. "What does “we” want? Team Reasoning, Game Theory, and Unselfish Behaviours," Revue d'économie politique, Dalloz, vol. 128(3), pages 311-332.
    2. Rusch, Hannes, 2019. "The evolution of collaboration in symmetric 2×2-games with imperfect recognition of types," Games and Economic Behavior, Elsevier, vol. 114(C), pages 118-127.
    3. Guilhem Lecouteux & Ivan Mitrouchev, 2021. "The "View from Manywhere": Normative Economics with Context-Dependent Preferences," GREDEG Working Papers 2021-19, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    4. Radzvilas, Mantas & Karpus, Jurgis, 2021. "Team reasoning without a hive mind," Research in Economics, Elsevier, vol. 75(4), pages 345-353.
    5. Van Basshuysen, Philippe, 2021. "Rationality in games and institutions," LSE Research Online Documents on Economics 112463, London School of Economics and Political Science, LSE Library.
    6. Guilhem Lecouteux & Ivan Mitrouchev, 2023. "The view from Manywhere : normative economics with context-dependent preferences," Post-Print hal-04551021, HAL.

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