Game Theory and the Social Contract, Vol. 2: Just Playing (Economic Learning and Social Evolution)

by Ken Binmore (Author)

Hardcover: 507pages

Publisher: The MIT Press (July 17, 1998)

Language: English

Review
"Ken Binmore's Game Theory and the Social Contract is the most important work in social philosophy since John Rawls' Theory of Justice. It is highly original, insightful, and will be a focal point for social theory."
-- Brian Skyrms, Distinguished Professor of Philosophy and Professor of Economics, University of California, Irvine

Product Description
In Volume 1 of Game Theory and the Social Contract, Ken Binmore restated the problems of moral and political philosophy in the language of game theory. In Volume 2, Just Playing, he unveils his own controversial theory, which abandons the metaphysics of Immanuel Kant for the naturalistic approach to morality of David Hume. According to this viewpoint, a fairness norm is a convention that evolved to coordinate behavior on an equilibrium of a society's Game of Life. This approach allows Binmore to mount an evolutionary defense of Rawls's original position that escapes the utilitarian conclusions that follow when orthodox reasoning is applied with the traditional assumptions. Using ideas borrowed from the theory of bargaining and repeated games, Binmore is led instead to a form of egalitarianism that vindicates the intuitions that led Rawls to write his Theory of Justice.

Written for an interdisciplinary audience, Just Playing offers a panoramic tour through a range of new and disturbing insights that game theory brings to anthropology, biology, economics, philosophy, and psychology. It is essential reading for anyone who thinks it likely that ethics evolved along with the human species.

Contents
Apology vii
Series Foreword xvii
Reading Guide xix
Acknowledgment xxiv
Introduction: Setting the Scene 1
0.1 Whither Away? 1
0.2 The Art of Compromise 1
0.2.1 Nonsense upon Stilts 3
0.2.2 Social Contracts 4
0.2.3 Reform 6
0.2.4 The Original Position 8
0.2.5 Bargaining 13
0.3 Moral Philosophy 15
0.3.1 Traditional Philosophical Categories 16
0.3.2 Fin de Siècle 17
0.4 Noncooperative Game Theory 20
0.4.1 The Ultimatum Game 21
0.4.2 Anomalies? 29

Document
0.5 Cooperative Game Theory 38
0.5.1 Games in Coalitional Form 38
0.6 Nash Program 42
0.7 Implementation 49
1
Nuances of Negotiation
59
1.1 Realistic Bargaining Models 59
1.2 Bargaining Problems 60