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Erschienen in:
2009 | OriginalPaper | Buchkapitel
From the Logical Point of View: The Chain Store Paradox Revisited
verfasst von : Li Li, Robert C. Koons, Jianjun Zhang
Erschienen in: Logic, Rationality, and Interaction
Verlag: Springer Berlin Heidelberg
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The standard approach to a rational action paradox in game theory (namely, the chain store paradox) has presupposed that the player’s beliefs are probabilities represented by functions with values between 0 and 1. However, a general solution must include the possibility that the subjective probabilities take only the values 1 and 0, requiring a non-Bayesian account of belief revision. In this paper, we propose a situation-theoretic diagnosis and solution to the paradox, based on the conception of Austinian propositions relativized to particular situations, as developed by Barwise and Etchemendy.