Selten's Game

"Practical men, who believe themselves to be quite exempt from any intellectual influences, are usually the slaves of some defunct economist." John Maynard Keynes

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This site uses the tools of modern economics and game theory to explore how the interaction of intelligent goal-seeking individuals determines social outcomes. Find out more about game theory.

Social Mechanisms and Political Economy: The Book: Our new book available for download: Levine, Mattozzi and Modica study how special interests such as cartels and lobbyists together with political parties influence our well-being. Drawing on existing and ongoing theoretical, empirical, and experimental research by the authors and others, the book develops a unified theory of peer pressure and social networks. The theory is firmly grounded in modern economic and game theory and is based on incentive constraints, auction theory, learning theory, and stochastic evolution. [Posted at 12/19/2022 02:51 AM by David K. Levine ]

Podcast on Intellectual Property: An interview by Niklas Anzinger about regulation, innovation, and intellectual property [Posted at 11/16/2022 02:27 AM by David K. Levine ]

Tale of Two Subsidies: Why the Afghan Army did Not Fight but the Ukrainian Army Did: See the video or read the paper. [Posted at 04/17/2022 07:14 AM by David K. Levine ]

Who cares about patent waivers for vaccines?: Roughly speaking the answer should be "nobody." A short article by Michele Boldrin, Flavio Toxvaerd and myself. [Posted at 05/15/2021 04:41 AM by David K. Levine ]

Intervention:

and peace? [Posted at 10/18/2018 02:29 AM by David K. Levine ]

Perilous Populism: We have a new website about the perils of populism discussing our research on democracy, corruption, lobbying and the behavior of political groups and how it may help. [Posted at 04/18/2017 05:13 AM by David K. Levine ]

Latest papers (more papers, more research, more news)

"Social Mechanisms and Political Economy: When Lobbyists Succeed, Pollsters Fail and Populists Win" [12/19/22] (with A. Mattozzi and S. Modica)
"Phoenix From the Ashes: The Evolution of Mechanism Designers" [11/16/22]
"Polarization and Electoral Balance" [09/29/22] (with A. Mattozzi)
"Adversarial forecasters, surprises and randomization" [09/16/22] (with R. Corrao and D. Fudenberg)
"True Myths" [09/13/22]


General interest material about game theory, including an introductory essay, a reading list, and a forum for questions and answers. You can also find information about the work of Armen A. Alchian, Jack Hirshleifer and other general interest material.

Play a game: challenge the on-line forecaster, engage in the cooperative learning game or solve a game using the zero-sum game solver.

About this site and the server it resides on. If you are google or another search engine, you will want to read the listing of papers in the archive.

 

Resources in Economics

Social Mechanisms and Political Economy

Theoretical Economics

Economic Theory News

Against Monopoly

RePEc: online papers

Society for Economic Dynamics

Society for the Advancement of Economic Theory

Free class material

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