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ToolsSugden, R. and Zamarron Hernandez, Ignacio (2006) Finding the key:The riddle of focal points. Journal of Economic Psychology, 27 (5). pp. 609-621. ISSN 0167-4870
Full text not available from this repository. (Request a copy)Abstract
Schelling's concept of a focal point is widely understood and used in game theory, but is often thought to lack adequate theoretical foundations; Schelling's own account is viewed as metaphorical and mysterious. We reconstruct that account and argue that it contains a sound theory of how rational players solve coordination problems. However, the philosophical framework which supports Schelling's theory is not a deductive system of the kind presupposed by classical game theory but a pragmatic one.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | focal point,coordination game |
| Faculty \ School: | Faculty of Social Sciences > School of Economics Faculty of Arts and Humanities > School of Philosophy (former - to 2014) |
| UEA Research Groups: | Faculty of Social Sciences > Research Groups > Economic Theory Faculty of Social Sciences > Research Centres > Centre for Behavioural and Experimental Social Sciences Faculty of Social Sciences > Research Centres > Centre for Competition Policy Faculty of Social Sciences > Research Groups > Behavioural Economics |
| Related URLs: | |
| Depositing User: | Pure Connector |
| Date Deposited: | 19 Nov 2013 16:15 |
| Last Modified: | 18 Apr 2023 23:44 |
| URI: | https://ueaeprints.uea.ac.uk/id/eprint/44538 |
| DOI: | 10.1016/j.joep.2006.04.003 |
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