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A General Method of Solution for Game Theory and its Relevance for Economic Theorizing

Working Paper 146 | Published December 1, 1979

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Author

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John Bryant

A General Method of Solution for Game Theory and its Relevance for Economic Theorizing

Abstract

The determination of the mechanism for ordering strategies in a game theoretic conflict is the keystone of economic science, at least insofar as economics is to remain an outgrowth of that (otherwise relatively minor) school of English philosophy, Utilitarianism. A method for the solution of the general game is presented in this paper, and the implications for economic theorizing discussed.