Decision Theory and Game Theory: A Comparative Analysis
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Beschreibung
This paper offers a comparative analysis of decision theory and game theory—two of the most influential frameworks in formal rational choice analysis.
This paper offers a comparative analysis of decision theory and game theory—two of the most influential frameworks in formal rational choice analysis. Although grounded in similar mathematical and philosophical traditions, they diverge significantly in their core assumptions, treatment of uncertainty, and scope of application. The paper develops an exposition of their respective historical foundations, formal components, epistemological underpinnings, and real-world implications and aims to sharpen the demarcation between decision-theoretic and game-theoretic reasoning while exploring their mutual relevance and interaction.
Autor*in
Johann Markus Schauerhuber
During his studies and academic resp. professional activities Prof. Dr. Dr. Johann Markus Schauerhuber has been intensively involved in statistical programming, stochastic, risk theory, simulation and mathematical modeling.
Most of his professional experience has been gained in the university domain as an academic director, postdoc lecturer / researcher and in government authorities.
Email: jm_schauerhuber@gmx.at
Themen in »Decision Theory and Game Theory: A Comparative Analysis«
Decision Theory Game Theory Comparison