Game Theory and the Social Contract: Just Playing v. 2 (Economic Learning and Social Evolution) by Ken B Binmore

by Ken Binmore

In Volume 1 of Game Theory and the Social Contract, Ken Binmore restated the problems of moral and political philosophy in the language of game theory. In Volume 2, Just Playing, he unveils his own controversial theory, which abandons the metaphysics of Immanuel Kant for the naturalistic approach to morality of David Hume. According to this viewpoint, a fairness norm is a convention that evolved to coordinate behavior on an equilibrium of a society's Game of Life. This approach allows Binmore to mount an evolutionary defense of Rawls's original position that escapes the utilitarian conclusions that follow when orthodox reasoning is applied with the traditional assumptions. Using ideas borrowed from the theory of bargaining and repeated games, Binmore is led instead to a form of egalitarianism that vindicates the intuitions that led Rawls to write his Theory of Justice. Written for an interdisciplinary audience, Just Playing offers a panoramic tour through a range of new and disturbing insights that game theory brings to anthropology, biology, economics, philosophy, and psychology. It is essential reading for anyone who thinks it likely that ethics evolved along with the human species.

Genres: Philosophy, Economics, Politics, Science

Hardcover

First published January 1, 1998

About the author

Professor of Economics at UCL, after holding corresponding positions at LSE and the University of Pennsylvania and Michigan. Onetime Professor of Mathematics at LSE.

Author of 77 published papers and 11 books. Research in evolutionary game theory, bargaining theory, experimental economics, political philosophy, mathematics and statistics.

Grants from National Science Foundation (3), ESRC (1), STICERD (2) and others. Chairman of LSE Economics Theory Workshop (10 years), Director of Michigan Economic Laboratory (5 years). Fellow of the Econometric Society and British Academy. Extensive collaboration with 25 co-authors.

Awarded the CBE in the New Years Honours List 2001 largely for his role in designing the UK 3G Spectrum Auction.