Gabriel Frahm, Rational Choice and Strategic Conflict: The Subjectivistic Approach to Game and Decision Theory

Abstract

By reading the literature, one often gets the impression that decision theory and game theory represent two separate worlds. This not only applies to classical texts such as the game theory books by von Neumann and Morgenstern and Luce and Raiffa, but also to more recent treatments of game theory. Many people will find this puzzling, as game theory may naturally be viewed as an instance of decision theory where every player faces his own, personal decision problem in which the uncertainty is ...