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dc.contributor.author
Hedges, Jules
dc.contributor.author
Oliva, Paulo
dc.contributor.author
Sprits, Evguenia
dc.contributor.author
Winschel, Viktor
dc.contributor.author
Zahn, Philipp
dc.date.accessioned
2017-06-11T21:10:32Z
dc.date.available
2017-06-11T21:10:32Z
dc.date.issued
2015
dc.identifier.uri
http://hdl.handle.net/20.500.11850/106906
dc.description.abstract
In applied game theory the motivation of players is a key element. It is encoded in the payoffs of the game form and often based on utility functions. But there are cases were formal descriptions in the form of a utility function do not exist. In this paper we introduce a representation of games where players' goals are modeled based on so-called higher-order functions. Our representation provides a general and powerful way to mathematically summarize players' intentions. In our framework utility functions as well as preference relations are special cases to describe players' goals. We show that in higher-order functions formal descriptions of players may still exist where utility functions do not using a classical example, a variant of Keynes' beauty contest. We also show that equilibrium conditions based on Nash can be easily adapted to our framework. Lastly, this framework serves as a stepping stone to powerful tools from computer science that can be usefully applied to economic game theory in the future such as computational and computability aspects.
dc.language.iso
en
dc.publisher
Cornell University
dc.subject
Behavioral economics
dc.subject
Foundations of game theory
dc.subject
Process orientation
dc.subject
Computable economics
dc.subject
Beauty contest
dc.subject
Coordination and differentiation goals
dc.subject
Higher order functions
dc.subject
Quantifiers
dc.subject
Selection functions
dc.title
Higher-Order Game Theory
dc.type
Working Paper
ethz.journal.title
arxiv
ethz.pages.start
arXiv:1506.01002
ethz.size
28 p.
ethz.notes
Submitted on 2 June 2015, Last revised 3 June 2015.
ethz.publication.place
Ithaca, NY
ethz.publication.status
published
ethz.leitzahl
ETH Zürich::00002 - ETH Zürich, direkt::00012 - Lehre und Forschung, direkt::00007 - Departemente, direkt::02120 - Departement Management, Technologie und Ökonomie / Department of Management, Technology, and Economics::03877 - Bommier, Antoine
ethz.leitzahl.certified
ETH Zürich::00002 - ETH Zürich, direkt::00012 - Lehre und Forschung, direkt::00007 - Departemente, direkt::02120 - Departement Management, Technologie und Ökonomie / Department of Management, Technology, and Economics::03877 - Bommier, Antoine
ethz.identifier.url
http://arxiv.org/abs/1506.01002v2
ethz.date.deposited
2017-06-11T21:10:47Z
ethz.source
ECIT
ethz.identifier.importid
imp593653b0952d081917
ethz.ecitpid
pub:167322
ethz.eth
yes
ethz.availability
Metadata only
ethz.rosetta.installDate
2017-07-13T15:25:13Z
ethz.rosetta.lastUpdated
2017-07-13T15:25:13Z
ethz.rosetta.versionExported
true
ethz.COinS
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