AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
The Role of Game Theory in Rationality in Regulation
The question of whether game theory can answer a research question that combines two different fields is intriguing. Initially, it seemed that the question could be better answered by considering societal values and preferences. However, game theory can help examine the connection between objectives and actions, and rationalize choices made in regulation. By understanding the complex dynamics and constraints involved, game theory can support decision makers in achieving their intended effects.