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The Eighteenth-Century Origins of the Concept of Mixed-Strategy Equilibrium in Game Theory

  • Nicolas FillionEmail author
Conference paper
  • 496 Downloads
Part of the Proceedings of the Canadian Society for History and Philosophy of Mathematics/La Société Canadienne d’Histoire et de Philosophie des Mathématiques book series (PCSHPM)

Abstract

This paper examines the circumstances surrounding the first historical appearance of the game-theoretical concept of mixed-strategy equilibrium. Despite widespread belief that this concept was developed in the first half of the twentieth century, its origins are in fact to be found in the early eighteenth century. After reconstructing the game analysis of Montmort, Waldegrave, and Bernoulli using modern methods and terminology, I argue that their discussion of the concept of solution to a game also anticipated refinements of the concept of equilibrium that we typically associate with the second half of the twentieth century.

Keywords

Game Theory Mixed Strategy Pure Strategy Strategy Profile Strategic Game 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer International Publishing Switzerland 2015

Authors and Affiliations

  1. 1.Department of PhilosophySimon Fraser UniversityBurnabyCanada

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