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    Equilibrium explanations use an equilibrium to represent and explain a system’s dynamic behavior. They provide a system with the property of global stability: a system will converge towards and remain in equilibrium regardless of its initial conditions and dynamic process. Thus, equilibrium explanations are generally treated as non-causal explanations. There are two claims subsumed under that comprehensive thesis. The first claim is that equilibrium explanations do not identify any causes becaus…Read more
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    Bounded Rationality in the Centipede Game
    Episteme 8 (3): 262-280. 2011.
    Normative game theory unsatisfactorily explains rational behavior. Real people do not behave as predicted, and what is prescribed as rational behavior is normally unattainable in real-life. The problem is that current normative analysis does not account for people's cognitive limitations – their bounded rationality. However, this paper develops an account of bounded rationality that explains the rationality of more realistic behavior. I focus on the Centipede Game, in which boundedly rational pl…Read more
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