Fioretti, Guido (2009): Utility, games, and narratives.
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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.
|Item Type:||MPRA Paper|
|Original Title:||Utility, games, and narratives|
|Keywords:||Interactions, Collective Decision-Making|
|Subjects:||C - Mathematical and Quantitative Methods > C7 - Game Theory and Bargaining Theory > C79 - Other
D - Microeconomics > D7 - Analysis of Collective Decision-Making > D79 - Other
|Depositing User:||Guido Fioretti|
|Date Deposited:||27. Aug 2009 12:18|
|Last Modified:||13. Mar 2015 06:32|
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