"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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Academics from the United StatesPolitical scientists from the United StatesPeople from ChicagoYale University alumniNational Medal of Science laureates
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Robert Axelrod
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