Does collective rationality entail efficiency?

被引:1
作者
Weirich, Paul [1 ]
机构
[1] Univ Missouri, Columbia, MO 65211 USA
关键词
coalitional games; collective rationality; the core; efficiency; full rationality; idealizations; Pareto optimality; strategic equilibrium; COASE THEOREM; COALITIONAL STABILITY;
D O I
10.1093/jigpal/jzp064
中图分类号
O29 [应用数学];
学科分类号
070104 ;
摘要
Collective rationality in its ordinary sense is rationality's extension to groups. It does not entail efficiency by definition. Showing that it entails efficiency requires a normative argument. Game theorists treating cooperative games generally assume that collective rationality entails efficiency, but formulating the reasoning that leads individuals to efficiency, and verifying the rationality of its steps, presents challenging philosophical issues. This paper constructs a framework for addressing those issues and reaches some preliminary results about the prospects of rational agents achieving efficiency in coalitional games. It concludes that only under strong idealizations does collective rationality entail efficiency.
引用
收藏
页码:308 / 322
页数:15
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