TY - BOOK AU - Giocoli,Nicola TI - Modeling rational agents: from interwar economics to early modern game theory SN - 1840648686 AV - HB87 .G56 2003 U1 - 330.15'09'04 PY - 2003/// CY - Northampton, Mass. PB - Edward Elgar Pub. KW - Economics KW - Economists KW - Neoclassical school of economics KW - Rational choice theory KW - Game theory N1 - Includes bibliographical references and index N2 - The book explores the evolution, through the first half of the 20th century, of the key neoclassical concepts of rationality. The analysis begins with the development of modern decision theory, covers the interwar debates over the role of perfect foresight and analyses the first game-theorist solution concepts of von Neumann and Nash. The author's proposition is that the notion of rationality suffered a profound transformation that reduced it to a formal property of consisteny. Such a transformation paralleled that of neoclassical economics as a whole from a discipline dealing with real economic processes to one investigating issues of local consistency between mathematical relationships ER -