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The pension system and game theory. Remarks on the article by József Meszaros.

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Gomori A.

Kozgazdasagi Szemle (Economic Review)

2005

vol. 52

issue 7/8

732-742

József Meszaros makes some statements about the pension system (and partly the political system) in the second part of his Közgazdasági Szemle article 'Social-insurance pension systems as public goods', based on a conceptual apparatus and assumptions presented in the first part of the article. The apparatus presented is inaccurate in some places and erroneous in others. The main contentions based on this (apart from being likewise inaccurate) are connected to the mathematical apparatus and the theses not by aimed proofs but by vague (although not necessarily erroneous) associations. My remarks refer to the apparatus mentioned and to the associated contentions about the pension system, not to the content of those contentions.

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Badics J., Gomori A.

Kozgazdasagi Szemle (Economic Review)

2004

vol. 51

issue 2

127-138

In models describing economic situations and phenomena in terms of decision-makers' behaviour, it is important to the solution of the model and results obtained from it to discover what decision-makers know about the situation, each other, each other's knowledge, knowledge of each others' knowledge, etc. The simplifying assumptions of the conceptual apparatus applied to describe this knowledge and information have been outstripped by the applications. This study therefore puts forward a proposal for generalizing this system of concepts.

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2 Kozgazdasagi Szemle (Economic Review)

1 2005

1 2004

2 Gomori A.

1 Badics J.

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The pension system and game theory. Remarks on the article by József Meszaros.

Information and knowledge