A general method of solution for game theory and its relevance for economic theorizing
By: John Bryant
Series: Staff report -- # 54; Staff report (Federal Reserve Bank of Minneapolis. Research Department : Online) -- 54.
Publisher: Federal Reserve Bank of Minneapolis
Published: 1980
Place of publication: Minneapolis, Minn.]
Language: eng
Format: [electronic resource] /
Subjects: Game theory
Description: "According to the folklore of economics, game theory has failed.  This paper argues that that is an incorrect interpretation of the game theory literature.  When faced with a well-posed problem, game theory provides a solution.  When faced with an ill-posed problem, game theory fails to provide a solution.  This is, indeed, the best one can hope for from a method of analysis! Further, some suggestions are made for facing game theory with well-posed economic problems"--Federal Reserve Bank of Minneapolis web site.
Notes: Title from PDF file as viewed on 10/16/2007.

Includes bibliographical references.

Also available in print.

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Mode of access: World Wide Web.