RobinHanson comments on The Truly Iterated Prisoner's Dilemma - Less Wrong

18 Post author: Eliezer_Yudkowsky 04 September 2008 06:00PM

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Comment author: RobinHanson 05 September 2008 01:23:01PM 1 point [-]

Decision theory is enough to advise actions - so why do we need game theory? A game theory is really just a theory about the distribution over how other agents think. Given such a distribution, decision theory is enough to tell you what to do. So any simple game theory, one that claimed with certainty that all other agents always think a particular way, must be wrong. Of course sometimes a simple game theory can be good enough - if slight variations from some standard way of thinking doesn't make much difference. But when small variations can make large differences, the only safe game theory is a wide distribution over the many ways other agents might think.