
Beyond Individual Choice
Teams and Frames in Game Theory
Michael Bacharach(Author)
Princeton University Press
Published on 7. May 2006
Book
Hardback
248 pages
978-0-691-12005-8 (ISBN)
Description
Game theory is central to modern understandings of how people deal with problems of coordination and cooperation. Yet, ironically, it cannot give a straightforward explanation of some of the simplest forms of human coordination and cooperation--most famously, that people can use the apparently arbitrary features of "focal points" to solve coordination problems, and that people sometimes cooperate in "prisoner's dilemmas." Addressing a wide readership of economists, sociologists, psychologists, and philosophers, Michael Bacharach here proposes a revision of game theory that resolves these long-standing problems. In the classical tradition of game theory, Bacharach models human beings as rational actors, but he revises the standard definition of rationality to incorporate two major new ideas. He enlarges the model of a game so that it includes the ways agents describe to themselves (or "frame") their decision problems. And he allows the possibility that people reason as members of groups (or "teams"), each taking herself to have reason to perform her component of the combination of actions that best achieves the group's common goal.
Bacharach shows that certain tendencies for individuals to engage in team reasoning are consistent with recent findings in social psychology and evolutionary biology. As the culmination of Bacharach's long-standing program of pathbreaking work on the foundations of game theory, this book has been eagerly awaited. Following Bacharach's premature death, Natalie Gold and Robert Sugden edited the unfinished work and added two substantial chapters that allow the book to be read as a coherent whole.
Bacharach shows that certain tendencies for individuals to engage in team reasoning are consistent with recent findings in social psychology and evolutionary biology. As the culmination of Bacharach's long-standing program of pathbreaking work on the foundations of game theory, this book has been eagerly awaited. Following Bacharach's premature death, Natalie Gold and Robert Sugden edited the unfinished work and added two substantial chapters that allow the book to be read as a coherent whole.
Reviews / Votes
"The editors are to be applauded for bringing this thought-provoking book to the light of day. Anyone who takes game theory as seriously as Michael Bacharach did will benefit from reading this book. Michael Bacharach makes us all swim at the deep end of the pool, and that's where we learn the most."--Roy Gardner, Public Choice "[This book] provides a helpful overview of an interesting and creative research program that is still being advance by Gold and Sugden along with other collaborators. The book may be welcomed by sociologists searching for alternative conceptions of agency within the rational choice paradigm."--James D. Montgomery, American Journal of Sociology "I warmly recommend the book to readers interested in problems of collective action and, especially, in precise game-theoretical treatment."--Raimo Tuomela, Economics and PhilosophyMore details
Language
English
Place of publication
New Jersey
United States
Target group
Professional and scholarly
College/higher education
Product notice
Trade binding
Illustrations
4 halftones. 3 line illus. 32 tables.
Dimensions
Height: 229 mm
Width: 152 mm
Weight
482 gr
ISBN-13
978-0-691-12005-8 (9780691120058)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions

Michael Bacharach | Natalie Gold | Robert Sugden
Beyond Individual Choice
Teams and Frames in Game Theory
E-Book
11/2018
1st Edition
Princeton University Press
€94.99
Available for download
Persons
Michael Bacharach (1936 - 2002) was Professor of Economics at Oxford University, where he was also Director of the Bounded Rationality in Economic Behavior Research Unit. His books included the present work, which he was completing at the time of his death in 2002, and Economics and the Theory of Games. Natalie Gold is a Postdoctoral Fellow in the Philosophy, Probability, and Modeling Group at the University of Konstanz. Robert Sugden, Professor of Economics at the University of East Anglia, Norwich, is the author of The Economics of Rights, Cooperation and Welfare and the co-author of The Principles of Practical Cost-Benefit Analysis and The Theory of Choice.
Content
List of Illustrations vii List of Tables ix Foreword xi Preface xiii Introduction 1 Chapter 1: The Hi-Lo Paradox 35 Chapter 2: Groups 69 Chapter 3: The Evolution of Group Action 95 Chapter 4: Team Thinking 120 Conclusion 155 References 203 Index 211