Virtual bargaining: a theory of social decision-making

Virtual bargaining: a theory of social decision-making

An essential element of goal-directed decision-making in social contexts is that agents' actions may be mutually interdependent. However, the most well-developed approaches to such strategic interactions, based on the Nash equilibrium concept in game theory, are sometimes too broad and at other times 'overlook' good solutions to fundamental social dilemmas and coordination problems. The authors...

Social Decision - Making : Insights from Game Theory

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A Theory of Decision-Making

Social decision-making: insights from game theory and neuroscience.

By combining the models and tasks of Game Theory with modern psychological and neuroscientific methods, the neuroeconomic approach to the study of social decision-making has the potential to extend our knowledge of brain mechanisms involved in social decisions and to advance theoretical models of how we make decisions in a rich, interactive environment. Research has already begun to illustrate ...

Optimal Social Decision Making

How can computers help ordinary people make collective decisions about real-life dilemmas, like which restaurant to go to with friends, or even how to divide an inheritance? This requires the fusion of two fields: economics, which studies how people derive utility from such decisions and the incentives at play, and computer science, which informs the design of real-world computing systems that ...