Finding the key:The riddle of focal points

Sugden, 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

Actions (login required)

View Item View Item