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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Main Author: Stojanović Božo J.
Format: Article
Language:English
Published: Serbian Sociological Association, Belgrade 2004-01-01
Series:Sociološki Pregled
Subjects:
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.
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issn 0085-6320
2560-4880
language English
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publishDate 2004-01-01
publisher Serbian Sociological Association, Belgrade
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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