Volume 18 Issue 3 (July-September 2002)

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Game theory, game theorists, university students, role-playing and forecasting ability

Wright, G.
Pages 383-387
Abstract

This comment argues that game theory is limited in its ability to analyse and forecast the outcomes of one-off, real-world, conflict situations. It also argues that we have no reason to expect that game theorists would be any better at such forecasts than university students because the conflicts studied by Green did not, on the face of it, have ecological validity for his game theorist participants. Nevertheless, students and game theorists have their own, individual experiences of real-life conflicts and their resolutions. My thesis is that when individuals are enmeshed in role-play simulations of conflicts the relevance of this prior learning becomes salient and can be utilised for the accurate forecasting of the outcomes of the conflicts.

Keywords: Game theory , Conflicts , Real-world situations
FULL TEXT LINK
http://dx.doi.org/10.1016/S0169-2070(02)00028-6
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