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Heterogeneous Players and Specialized Models

Bibliographic Data

ID5917660
AuthorsEric Rasmusen (University of California, Los Angeles, corresponding author)
Year1992
Volume4
Issue1
Pages83-94
Publication date1992-01-01
Open AccessYes
TypeARTICLE
VenueRationality and Society (JOURNAL)
Journal identifiersISSN: 1043-4631 • E-ISSN: 1461-7358
PublisherSAGE Publications Inc (PUBLISHER)
DOI10.1177/1043463192004001010
OpenAlexW2093849072
LanguageEN
Citations received2
References cited8

Game theory has been criticized as neglecting key aspects of individual behavior and as relying too heavily on special assumptions. It can, in fact, handle individual heterogeneity if the modeler is willing to carefully specify how people are different, but to the extent that such things as heterogeneity and culture are important, the desire for a single unified model is impossible to satisfy. At the same time, game theory's approach is very useful for building specialized models

Computer security · Economics · Game theory · Mathematical economics · Microeconomics · Computer Science · Experimental Behavioral Economics Studies · Game Theory and Applications · Opinion Dynamics and Social Influence

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Citations per year0.07
Citation span1996 - 1999 (4)
Highly citedNo

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