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Tuesday, January 22, 2008

Theory Of Games And Economic Behavior

I think Theory Of Games And Economic Behavior by Oskar Morgenstern + John Von Neumann is a great book + the discussion of poker and the role of bluffing + the area of bargaining and cooperative game theory is very interesting.

Here is what the description of Theory Of Games And Economic Behavior says (via Amazon):
This is the classic work upon which modern-day game theory is based. What began more than sixty years ago as a modest proposal that a mathematician and an economist write a short paper together blossomed, in 1944, when Princeton University Press published Theory of Games and Economic Behavior. In it, John von Neumann and Oskar Morgenstern conceived a ground breaking mathematical theory of economic and social organization, based on a theory of games of strategy. Not only would this revolutionize economics, but the entirely new field of scientific inquiry it yielded--game theory--has since been widely used to analyze a host of real-world phenomena from arms races to optimal policy choices of presidential candidates, from vaccination policy to major league baseball salary negotiations. And it is today established throughout both the social sciences and a wide range of other sciences.

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