A General Theory of Choice

Uri Weiss*, Joseph Agassi

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review

Abstract

Game theory recommends the preference of a strategy over an action; instead, we propose to precede to this the very choice to play or not to play any given game. This renders game theory applicable to real situations. We recommend a combination of Abraham Wald’s recommendation to choose between different potential errors with Herbert Simon’s recommendation considering our acceptance of any offer we find sufficiently satisfactory. This renders what is found satisfactory revisable and thus it renders Simon’s proposal more realistic.

Original languageEnglish
Title of host publicationStudies in Systems, Decision and Control
PublisherSpringer Science and Business Media Deutschland GmbH
Pages211-225
Number of pages15
DOIs
StatePublished - 2023

Publication series

NameStudies in Systems, Decision and Control
Volume469
ISSN (Print)2198-4182
ISSN (Electronic)2198-4190

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