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Game theory explains how to make good choices when different decision makers have conflicting interests. The classical approach assumes that decision makers are committed to making the best choices for themselves regardless of the effect on others, but such an approach is less appropriate when cooperation, compromise and negotiation are important. This book describes conditional games, a form of game theory that accommodates multiple stakeholder decision-making scenarios where cooperation and negotiation are significant issues and where notions of concordant group behavior are important. Using classical binary preference relations as a point of departure, the book extends the concept of a preference ordering that permits stakeholders to modulate their preferences as functions of the preferences of others. As these conditional preferences propagate through a group of decision makers, they create social bonds that lead to notions of group concordance. This book is intended for all students and researchers of decision theory and game theory.

Operational research. Game theory --- Decision Making --- Games of strategy (Mathematics) --- Decision making. --- Basic Sciences. Mathematics --- Applied Mathematics --- Games of strategy (Mathematics). --- Applied Mathematics. --- Decision making --- Games with rational pay-off (Mathematics) --- Rational games (Mathematics) --- Strategy, Games of (Mathematics) --- Game theory --- Group theory --- Mathematical optimization --- Matrices --- Topology --- Deciding --- Decision (Psychology) --- Decision analysis --- Decision processes --- Making decisions --- Management --- Management decisions --- Choice (Psychology) --- Problem solving --- Information Technology --- Computer Science (Hardware & Networks)

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Classical social choice theory relies heavily on the assumption that all individuals have fixed preference orderings. This highly original book presents a new theory of social preferences that explicitly accounts for important social phenomena such as coordination, compromise, negotiation and altruism. Drawing on cybernetics and network theory, it extends classical social choice theory by constructing a framework that allows for dynamic preferences that are modulated by the situation-dependent social influence that they exert on each other. In this way the book shows how members of a social network may modulate their preferences to account for social context. This important expansion of social choice theory will be of interest to readers in a wide variety of disciplines, including economists and political scientists concerned with choice theory as well as computer scientists and engineers working on network theory.

Social choice --- System theory --- System analysis --- Systems, Theory of --- Systems science --- Science --- Mathematical models. --- Social aspects --- Philosophy