Game Theory: An Approach from Thomas S. Schelling
16 Pages Posted: 1 Apr 2010
Date Written: March 30, 2010
In their recent work Thomas S. Schelling, reiterating original arguments about game theory and its applications to social sciences. In particular, game theory helps to explore situations in which agents make decisions interdependent (strategic communication). Schelling's originality is to extend economic theory to social sciences. When a player can anticipate the options and influence the decisions of others. The strategy, indirect communication plays a crucial role. To illustrate, we investigate how to perform the payoff matrix in cases of bribery and threat.
Keywords: Social Science, Schelling, game theory, strategic communications, bribes, threats
JEL Classification: A1, A10, C7, C72, D8, D80, D82, D84
Suggested Citation: Suggested Citation