BCSSS

International Encyclopedia of Systems and Cybernetics

2nd Edition, as published by Charles François 2004 Presented by the Bertalanffy Center for the Study of Systems Science Vienna for public access.

About

The International Encyclopedia of Systems and Cybernetics was first edited and published by the system scientist Charles François in 1997. The online version that is provided here was based on the 2nd edition in 2004. It was uploaded and gifted to the center by ASC president Michael Lissack in 2019; the BCSSS purchased the rights for the re-publication of this volume in 200?. In 2018, the original editor expressed his wish to pass on the stewardship over the maintenance and further development of the encyclopedia to the Bertalanffy Center. In the future, the BCSSS seeks to further develop the encyclopedia by open collaboration within the systems sciences. Until the center has found and been able to implement an adequate technical solution for this, the static website is made accessible for the benefit of public scholarship and education.

A B C D E F G H I J K L M N O P Q R S T U V W Y Z

PAY-OFF 1)2)4)

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In mathematical, game theory, the gain or loss of a player.

It can be formalized through a pay-off function.

The concept of pay-off may however lead to an oversimplified view of more complex issues, not reducible to game theory.

The ecological "game" (and probably in the long run the economic global gain), for ex. is implicitly based on the stability and supposed inexhaustability of the environmental resources. This leads to probably illusory models of positive-sum games, i.e. obtention of pay-offs… that must never be payed for, since natural substrate is the invisible loser

Any game theory concept applied to complex issues should be at least two-tiered, i.e. complemented hierarchically by a super-game of players against the environment.

Permanent carrying capacity should be monitored, and this could possibly be done through national and planetary patrimonial accounting of natural renewable and non-renovable resources.

→ Commons; Economics in systemic terms

Categories

  • 1) General information
  • 2) Methodology or model
  • 3) Epistemology, ontology and semantics
  • 4) Human sciences
  • 5) Discipline oriented

Publisher

Bertalanffy Center for the Study of Systems Science(2020).

To cite this page, please use the following information:

Bertalanffy Center for the Study of Systems Science (2020). Title of the entry. In Charles François (Ed.), International Encyclopedia of Systems and Cybernetics (2). Retrieved from www.systemspedia.org/[full/url]

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