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Throughout the social sciences today, the dominant form of modeling is based upon the rational-choice paradigm. Game theory, in particular, is typica… - Robert Axelrod
" "Throughout the social sciences today, the dominant form of modeling is based upon the rational-choice paradigm. Game theory, in particular, is typically based upon the assumption of rational choice. In my view, the reason for the dominance of the rational-choice approach is not that scholars think it is realistic. Nor is game theory used solely because it offers good advice to a decision maker, because its unrealistic assumptions undermine much of its value as a basis for advice.
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About Robert Axelrod
Robert Marshall Axelrod (born May 27, 1943) is an American political scientist and Professor of Political Science and Public Policy at the University of Michigan, best known for his interdisciplinary work on the evolution of cooperation.
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Native Name:
Robert Marshall Axelrod
Alternative Names:
Robert M. Axelrod
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Axelrod
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Additional quotes by Robert Axelrod
In addition, TIT FOR TAT was known to be a powerful competitor. In a preliminary tournament, TIT FOR TAT scored second place; and in a variant of that preliminary tournament, TIT FOR TAT won first place. All of these facts were known to most of the people designing programs for the Computer Prisoner's Dilemma Tournament, because they were sent copies of a description of the preliminary tournament. Not surprisingly, many of them used the TIT FOR TAT principle and tried to improve upon it. The striking fact is that none of the more complex programs submitted was able to perform as well as the original, simple TIT FOR TAT.
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