1. A SIMPLE THEORY OF NON-COOPERATIVE GAMES WITH ORDINAL UTILITIES.
- Author
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Black, Duncan
- Subjects
GAME theory ,DECISION making ,MATHEMATICAL models ,DECISION theory ,CHOICE (Psychology) ,PSYCHOLOGY - Abstract
The article focuses on a simple theory of non-cooperative games with ordinal utilities. The immediate reason for developing the present technique is in connection with an analytical theory of value. It is accepted that choice is determined by intensity of desire. The individual's intensity of desire for an object is in turn the resultant of the intensities of his separate desires. If so, the problem of an analytical theory of value (desire), becomes that of discovering how the individual's resultant intensity of desire is related to the intensities of the desires from which it is compounded--separate desires conflicting or collaborating among themselves.
- Published
- 1966
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