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Bounded Epistemology

17 Pages Posted: 14 Jul 2007  

Robert C. Robinson

City University of New York (CUNY)

Date Written: July 14, 2007

Abstract

Game theory is a branch of economics that uses powerful mathematical models to predict what agents ought to do when interacting with other agents strategically. Bounded rationality is a sub-field of game theory that sets out to explain why, in some interesting cases, people don't act according their utility maximizing strategies, as described by game theory. Interactive Epistemology is formal tool used by Game Theorists and computer scientists to model interactive cases of knowledge. This interesting and useful tool has been previously ignored by philosophers. I'd like to introduce philosophers to interactive epistemology. After doing so, I'll go on to describe the way I've used this powerful formal tool in my own research, by giving some arguments about Bounded Epistemology, which is an analogue of Bounded Rationality, and, if I'm right, is explainable according to many, but not all, of the same models. Doing so, however, requires first setting out and explaining many of these concepts more fully.

Keywords: Game Theory, Epistemology, Interactive Epistemology, Bounded Rationality

JEL Classification: C70, C72

Suggested Citation

Robinson, Robert C., Bounded Epistemology (July 14, 2007). Available at SSRN: https://ssrn.com/abstract=1000697 or http://dx.doi.org/10.2139/ssrn.1000697

Robert C. Robinson (Contact Author)

City University of New York (CUNY) ( email )

695 Park Avenue
New York, NY 10021
United States

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