1,070 research outputs found
Can knowledge be justified true belief?
Knowledge was traditionally held to be justified true belief.
This paper examines the implications of maintaining this view if justication
is interpreted algorithmically. It is argued that if we move sufficiently far
from the small worlds to which Bayesian decision theory properly applies, we
can steer between the rock of fallibilism and the whirlpool of skepticism only
by explicitly building into our framing of the underlying decision problem
the possibility that its attempt to describe the world is inadequate
The origins of fair play
This paper gives a brief overview of an evolutionary theory of fairness. The ideas are fleshed out in Binmore's book 'Natural Justice' (Oxford University Press, New York, 2005.), which is itself a condensed version of his earlier two-volume book 'Game Theory and the Social Contract' (MIT Press, Cambridge, MA, 1994 and 1998)
Do conventions need to be common knowledge?
Do conventions need to be common knowledge? David
Lewis builds this requirement into his definition of a convention. This paper
explores the extent to which his approach finds support in the game
theory literature. The knowledge formalism developed by Robert Aumann
and others militates against Lewis’s approach, because it demonstrates
that it is almost impossible for something to become common
knowledge in a large society. On the other hand, Ariel Rubinstein’s
Email Game suggests that coordinated action is equally hard for rational
players. But an unnecessary simplifying assumption in the Email Game
turns out to be doing all the work, and the paper concludes that common
knowledge is better excluded from a definition of the conventions that
we use to regulate our daily lives
Interpersonal comparison in egalitarian societies
When judging what is fair, how do we decide how
much weight to assign to the conflicting interests of different classes of people? This subject has received some attention in a utilitarian context, but has been largely neglected in the case of egalitarian societies of the kind studied by John Rawls. My Game Theory and the Social Contract considers the problem for a toy society with only two citizens. This paper examines the theoretical difficulties in extending the discussion to societies with more than two citizens
Experimental economics: science or what?
Do we want experimental economics to evolve into a genuine
science? This paper uses the literature on inequity aversion as a case study in
warning that we are at risk of losing the respect of other scientific disciplines if
we continue to accept the wide claims about human behavior that are currently
being advanced without examining either the data from which the claims are
supposedly derived or the methodology employed in analyzing the data
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