Title
Theory of Games and Economic Behavior,Used
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This is the classic work upon which modernday 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 groundbreaking 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 yieldedgame theoryhas since been widely used to analyze a host of realworld 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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- Q: What is the main focus of 'Theory of Games and Economic Behavior'? A: The book focuses on the mathematical theory of economic and social organization based on game theory, exploring strategic decision-making and its applications.
- Q: Who are the authors of this book? A: The authors are John von Neumann and Oskar Morgenstern, who presented groundbreaking concepts in game theory.
- Q: Is 'Theory of Games and Economic Behavior' suitable for beginners? A: While it is a foundational text in game theory, the mathematical complexity may be challenging for beginners without prior knowledge in economics or mathematics.
- Q: What is the publication date of the book? A: The book was originally published on May 1, 1980.
- Q: How many pages does the book have? A: The book contains 648 pages.
- Q: What edition of the book is available? A: This listing is for the third edition of 'Theory of Games and Economic Behavior'.
- Q: What is the condition of the used book? A: The book is categorized as 'Used Book in Good Condition', indicating it may show signs of wear but remains readable.
- Q: In which category is the book classified? A: The book is classified under 'Econometrics & Statistics'.
- Q: What are some applications of game theory discussed in the book? A: The book discusses various applications of game theory, including arms races, policy choices of presidential candidates, vaccination policies, and salary negotiations in sports.
- Q: Can this book help in understanding modern economic strategies? A: Yes, it provides insights into strategic thinking and decision-making that are relevant to modern economic strategies and social interactions.