Munich Personal RePEc Archive

Utility, games, and narratives

Fioretti, Guido (2009): Utility, games, and narratives.

[img]
Preview
PDF
MPRA_paper_16976.pdf

Download (268kB) | Preview

Abstract

This paper provides a general overview of theories and tools to model individual and collective decision-making. In particular, stress is laid on the interaction of several decision-makers.

A substantial part of this paper is devoted to utility maximization and its application to collective decision-making, Game Theory. However, the pitfalls of utility maximization are thoroughly discussed, and the radically alternative approach of viewing decision-making as constructing narratives is presented with its emerging computational tools.

UB_LMU-Logo
MPRA is a RePEc service hosted by
the Munich University Library in Germany.