Information and uncertainty

power, profits and morality

Dennis C. Mueller

pp. 349-357

in: Werner Leinfellner, Eckehart Köhler (eds), Game theory, experience, rationality, Berlin, Springer, 1998

Abstract

Many important issues in economic and political science can be adequately analyzed under the assumption that individuals are certain about the consequences of their actions, possess perfect information. Many cannot, however, and models that incorporate uncertainty and asymmetric information have become increasingly popular over the last fifty years or so.