Gaming Our Way Out Of The Climate Breakdown – How Can Game Theory Models Support The Negotiations Of More Ambitious Climate Agreements?

Abstract

"All models are simplified versions of reality, full of limitations". Game theory models applied in the context of the international climate negotiation game are no different. Every model of the climate negotiation game is certain to lack factors integral to its accurate characterisation. This is because at its essence, “all models are wrong, but some are useful.” The practical question then is, how wrong must a game theory model be to not be useful? This question is considered in the context of the international climate negotiation game throughout this paper.