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Game theory is central to understanding human behavior and relevant to all of the behavioral sciences--from biology and economics, to anthropology and political science. However, as The Bounds of Reason demonstrates, game theory alone cannot fully explain human behavior and should instead complement other key concepts championed by the behavioral disciplines. Herbert Gintis shows that just as game theory without broader social theory is merely technical bravado, so social theory without game theory is a handicapped enterprise.

Gintis illustrates, for instance, that game theory lacks explanations for when and how rational agents share beliefs. Rather than construct a social epistemology or reasoning process that reflects the real world, game theorists make unwarranted assumptions which imply that rational agents enjoy a commonality of beliefs. But, Gintis explains, humans possess unique forms of knowledge and understanding that move us beyond being merely rational creatures to being social creatures. For a better understanding of human behavior, Gintis champions a unified approach and in doing so shows that the dividing lines between the behavioral disciplines make no scientific sense. He asks, for example, why four separate fields--economics, sociology, anthropology, and social psychology--study social behavior and organization, yet their basic assumptions are wildly at variance. The author argues that we currently have the analytical tools to render the behavioral disciplines mutually coherent.

Combining the strengths of the classical, evolutionary, and behavioral fields, The Bounds of Reason reinvigorates the useful tools of game theory and offers innovative thinking for the behavioral sciences.

Herbert Gintis holds faculty positions at the Santa Fe Institute, Central European University, and University of Siena. He is the author of Game Theory Evolving (Princeton) and the coeditor of numerous books, including Moral Sentiments and Material Interests, Unequal Chances (Princeton), and Foundations of Human Sociality.

Cover......Page 1
Title Page......Page 4
Copyright......Page 5
Contents......Page 8
Preface......Page 14
1. Decision Theory and Human Behavior......Page 20
2. Game Theory: Basic Concepts......Page 49
3. Game Theory and Human Behavior......Page 64
4. Rationalizability and Common Knowledge of Rationality......Page 102
5. Extensive Form Rationalizability......Page 121
6. The Mixing Problem: Purification and Conjectures......Page 140
7. Bayesian Rationality and Social Epistemology......Page 151
8. Common Knowledge and Nash Equilibrium......Page 165
9. Reflective Reason and Equilibrium Refinements......Page 183
10. The Analytics of Human Sociality......Page 200
11. The Evolution of Property Rights......Page 220
12. The Unification of the Behavioral Sciences......Page 240
13. Summary......Page 267
14. Table of Symbols......Page 269
References......Page 272
Index......Page 302
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