Title: A general method of solution for game theory and its relevance for economic theorizing
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.
Subjects: Game theory