Octavo, hardcover, fine in near fine black pictorial dj. Crisp, bright hardback 1st printing of English edition translated by Anna C. Gosi-Greguss; edited by David Kramer. 287 pages. What does game theory tell us about rational behavior? Is there such a thing as rational behavior, and if so, is it of any use to us? In this fascinating book, renowned Hungarian economist Laszlo Mero shows how game theory provides insight into such aspects of human psychology.

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Bibliographic Details

Title: MORAL CALCULATIONS: Game Theory, Logic, and Human Frailty.
Publisher: Copernicus, (1998)
Publication Date: 1998
Language: English
ISBN 10: 0387984194
ISBN 13: 9780387984193
Binding: Hardcover
Edition: 1st Edition
Condition: Collectible, Fine
Dust Jacket Condition: Near Fine
Book Type: Book

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Synopsis

Are people ever rational? Consider this: You auction off a one-dollar bill to the highest bidder, but you set the rules so that the second highest bidder also has to pay the amount of his last bid, even though he gets nothing. Would people ever enter such an auction? Not only do they, but according to Martin Shubik, the game's inventor, the average winning bid (for a dollar, remember) is $3.40. Many winners report that they bid so high only because their opponent "went completely crazy." This game lies at the intersection of three subjects of eternal fascination: human psychology, morality, and John von Neumann's game theory. Hungarian game-theorist Laszlo Mero introduces us to the basics of game theory, including such concepts as zero-sum games, Prisoner's Dilemma and the origins of altruism; shows how game theory is applicable to fields ranging from physics to politics; and explores the role of rational thinking in the context of many different kinds of thinking. This fascinating, urbane book will interest everyone who wonders what mathematics can tell us about the human condition.

Synopsis

Are people ever rational? Consider this: you auction off a one-dollar bill to the highest bidder, but you set the rules so that the second highest bidder also has to pay the amount of his last bid, even though he gets nothing. Would people ever enter such an auction? Not only do they, but according to Martin Shubik, the game's inventor, the average winning bid (for a dollar, remember) is $3.40. Many winners report that they bid so high only because their opponent "went completely crazy." This game lies at the intersection of three subjects of eternal fascination: human psychology, morality, and John von Neumann's game theory. Hungarian game-theorist Laszlo Mero introduces us to the basics of game theory, including such concepts as zero-sum games, Prisoner's Dilemma and the origins of altruism; shows how game theory is applicable to fields ranging from physics to politics; and explores the role of rational thinking in the context of many different kinds of thinking. This fascinating, urbane book will interest everyone who wonders what mathematics can tell us about the human condition.

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I have a large inventory of children's books, cookbooks, collectibles, classics, first editions, signed books, history, biographies, science, textbooks, and more. Each book to me is a "precious jewel" and I try and describe it, giving you a good understanding of its content, and also its condition. One example, I have a John Muir book where he has written in the margins all through it to correct mistakes made by the publisher. (this was confirmed by John Muir historic site for me) I have over 50,000 books and some are quite rare from 1800's to 2020's. I've been collecting books for over 50 years and now am a spry 80 and going strong. I try and get books out same day as order comes in and love it when someone writes that they's been looking for a book for years and finally found it with me!

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CA, U.S.A.

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