The Lack of External Validity in Game Theory


The Lack of External Validity in Game Theory.


This paper will try to focus and therewith outline problem of external validity of the game theory. It will provide short summary of this particular limitation by focusing on the articles by William H. Riker (1990) and Gerardo L. Munk (2001). Moreover, it will go beyond the summary and provide critique of rational choice.

One of the major points advanced by Munk regards the formal methodology of the rational choice theory and in particular game theory. To sum up, he points out that even though the approach is internally valid it lacks external validity. In other words, he argues that the constructed models of the game theory are logically consistent once it comes to solving them, however, the outcome is mostly not generalizable. The reason for this is that pre-existing models are often over-simplified and not valid.

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  • 2018 m.
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  • 2 pages (662 words)
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The Lack of External Validity in Game Theory. (February 19, 2018). https://documents.exchange/the-lack-of-external-validity-in-game-theory/ Reviewed on 22:46, August 5 2021
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