Establishment of conventions: Application of theory of games
The paper deals with application of theory of games in explanation of convention establishment. Conventions are outcome ("equilibrium") of repeated game. Convention consists of the strategies which had established as the most successful passing the time und which had spontaneously emerged...
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| Format: | Article |
| Language: | English |
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Serbian Sociological Association, Belgrade
2004-01-01
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| Series: | Sociološki Pregled |
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| Online Access: | http://scindeks-clanci.ceon.rs/data/pdf/0085-6320/2004/0085-63200403373S.pdf |
| Summary: | The paper deals with application of theory of games in explanation of convention establishment. Conventions are outcome ("equilibrium") of repeated game. Convention consists of the strategies which had established as the most successful passing the time und which had spontaneously emerged as the patterns of rational behavior - evolutionarily stable strategies. |
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| ISSN: | 0085-6320 2560-4880 |