Jump to ContentJump to Main Navigation
The Bounds of ReasonGame Theory and the Unification of the Behavioral Sciences$
Users without a subscription are not able to see the full content.

Herbert Gintis

Print publication date: 2014

Print ISBN-13: 9780691160849

Published to Princeton Scholarship Online: October 2017

DOI: 10.23943/princeton/9780691160849.001.0001

Show Summary Details
Page of

PRINTED FROM PRINCETON SCHOLARSHIP ONLINE (www.princeton.universitypressscholarship.com). (c) Copyright Princeton University Press, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in PRSO for personal use.date: 19 October 2019



(p.221) 12 Summary
The Bounds of Reason

Herbert Gintis

Princeton University Press

This chapter summarizes the book's main points, covering game theory, the commonality of beliefs, the limits of rationality, social norms as correlated equilibria, and how reason is bounded by sociality, not irrationality. Among the conclusions are that game theory is an indispensable tool in modeling human behavior. Behavioral disciplines that reject or peripheralize game theory are theoretically handicapped. The Nash equilibrium is not the appropriate equilibrium concept for social theory. The correlated equilibrium is the appropriate equilibrium concept for a set of rational individuals having common priors. Social norms are correlated equilibria. The behavioral disciplines today have four incompatible models of human behavior. The behavioral sciences must develop a unified model of choice that eliminates these incompatibilities and that can be specialized in different ways to meet the heterogeneous needs of the various disciplines.

Keywords:   game theory, commonality of beliefs, rationality, social norms, correlated equilibria, sociality, reason, Nash equilibrium, behavioral sciences

Princeton Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us.