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Utility, games, and narratives

Author

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  • Fioretti, Guido

Abstract

This paper provides a general overview of theories and tools to model individual and collective decision-making. In particular, stress is laid on the interaction of several decision-makers. A substantial part of this paper is devoted to utility maximization and its application to collective decision-making, Game Theory. However, the pitfalls of utility maximization are thoroughly discussed, and the radically alternative approach of viewing decision-making as constructing narratives is presented with its emerging computational tools.

Suggested Citation

  • Fioretti, Guido, 2009. "Utility, games, and narratives," MPRA Paper 16976, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:16976
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    File URL: https://mpra.ub.uni-muenchen.de/16976/1/MPRA_paper_16976.pdf
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    More about this item

    Keywords

    Interactions; Collective Decision-Making;

    JEL classification:

    • C79 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Other
    • D79 - Microeconomics - - Analysis of Collective Decision-Making - - - Other

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