A New Book: No Prices, No Games!

[Michael Richter]

Dear Decision Theorists,

 

Ariel and I have written a book, “No Prices, No Games !” which has just been published this morning!

 

You can read it for free online, download a free copy,  or purchase a printed or e-version at:

https://www.openbookpublishers.com/books/10.11647/obp.0404

 

Abstract:

Just as decision theory models frameworks besides standard rationality, in our book, we wish to model alternative solutions concepts besides the standard focus on prices or games.

 

The societal conventions that we consider are:

• Power,
• Social Norms,
• Status,
• Systematic Biases.

 

These four conventions are analysed using simple and mathematically straightforward models, without any pretensions regarding direct applied usefulness. While we do not advocate for the adoption of any of these conventions specifically – we do advocate that when modelling an economic situation, alternative equilibrium notions should be considered, rather than automatically reaching for the familiar approaches of prices or games.

 

Cover: 

 

Kind regards,

Ariel and Michael

[Karl Schlag]

hi michael, hi ariel
what a cool cover, what a cool book. i am just missing a few cool pix inside. once again moving the field into a new dimension.
karl

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Karl Schlag  
Professor

Department of Economics		email: karl....@univie.ac.at
University of Vienna		landline:  +43-1-4277-37437 
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