Lars P. Syll — Game theory and the shaping of neoliberal capitalism

Summary:
When criticising game theory you often get the rather uninformative and vacuous answer that we all have to remember that game theory — as is mainstream neoclassical theory at large — is nothing but ‘as-if-theory’ built on ‘as-if-rationality.’ As Ariel Rubinstein has it, however, this only shows that “the phrase ‘as if’ is a way to avoid taking responsibility for the strong assumptions upon which economic models are founded” … It's bad enough when game theory is applied uncritically to economics, but when game theory is applied uncritically to military policy and strategy, as it is in nuclear deterrence based on mutual assured destruction, it becomes madness, as in "the mad scientist." Lars P. Syll’s BlogGame theory and the shaping of neoliberal capitalism Lars P. Syll | Professor,

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Mike Norman considers the following as important: economics and game theory, Rationality

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