Game Theory and Strategy

Philip D. Straffin

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Language: English

Published by American Mathematical Society, US, 1993

1470471965 / 9781470471965

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This book is an introduction to mathematical game theory, which might better be called the mathematical theory of conflict and cooperation. It is applicable whenever two individuals--or companies, or political parties, or nations--confront situations where the outcome for each depends on the behavior of all. What are the best strategies in such situations? If there are chances of cooperation, with whom should you cooperate, and how should you share the proceeds of cooperation? Since its creation by John von Neumann and Oskar Morgenstern in 1944, game theory has shed new light on business, politics, economics, social psychology, philosophy, and evolutionary biology. In this book, its fundamental ideas are developed with mathematics at the level of high school algebra and applied to many of these fields (see the table of contents). Ideas like ""fairness'' are presented via axioms that fair allocations should satisfy; thus the reader is introduced to axiomatic thinking as well as to mathematical modeling of actual situations.…

Seller Inventory # LU-9781470471965

Title
Game Theory and Strategy
Author
Philip D. Straffin
Publisher
American Mathematical Society, US
Publication year
1993
Condition
New
Binding
Paperback
Language
English
ISBN 10
1470471965
ISBN 13
9781470471965

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