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 |
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author | Stojanović Božo J. |
author_facet | Stojanović Božo J. |
author_sort | Stojanović Božo J. |
collection | DOAJ |
description | 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. |
first_indexed | 2024-12-17T04:52:56Z |
format | Article |
id | doaj.art-9b3f1d5e6a8a4b18908d0954eec12002 |
institution | Directory Open Access Journal |
issn | 0085-6320 2560-4880 |
language | English |
last_indexed | 2024-12-17T04:52:56Z |
publishDate | 2004-01-01 |
publisher | Serbian Sociological Association, Belgrade |
record_format | Article |
series | Sociološki Pregled |
spelling | doaj.art-9b3f1d5e6a8a4b18908d0954eec120022022-12-21T22:02:51ZengSerbian Sociological Association, BelgradeSociološki Pregled0085-63202560-48802004-01-0138337339510.5937/socpreg0403373S0085-63200403373SEstablishment of conventions: Application of theory of gamesStojanović Božo J.0Institute of European Studies, Belgrade, SerbiaThe 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.http://scindeks-clanci.ceon.rs/data/pdf/0085-6320/2004/0085-63200403373S.pdfrepeated gameevaluative gameconventionbounded rationalitystrategyNash equilibrium |
spellingShingle | Stojanović Božo J. Establishment of conventions: Application of theory of games Sociološki Pregled repeated game evaluative game convention bounded rationality strategy Nash equilibrium |
title | Establishment of conventions: Application of theory of games |
title_full | Establishment of conventions: Application of theory of games |
title_fullStr | Establishment of conventions: Application of theory of games |
title_full_unstemmed | Establishment of conventions: Application of theory of games |
title_short | Establishment of conventions: Application of theory of games |
title_sort | establishment of conventions application of theory of games |
topic | repeated game evaluative game convention bounded rationality strategy Nash equilibrium |
url | http://scindeks-clanci.ceon.rs/data/pdf/0085-6320/2004/0085-63200403373S.pdf |
work_keys_str_mv | AT stojanovicbozoj establishmentofconventionsapplicationoftheoryofgames |