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File Format | PDF
File Size | 9.78 MB
Pages | 68
Language | English
Category | Careers
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Description: Ever since
modern game theory-the scientific study of interactive, rational decision
making-achieved prominence in the mid-20th century, it has proven instrumental
in helping us understand how and why we make decisions. Game theory plays a
crucial role in our lives and provides startling insights into all endeavors in
which humans cooperate or compete, including biology, computer science,
politics, agriculture, and, most importantly, economics.
For example,
game theory has become an invaluable tool for economists, underpinning the
theories of five Nobel Prize winners in economics; helps corporate decision
makers through the alternatives of complex negotiations where thousands of jobs
and billions of dollars may be at stake; plays a crucial role in international
diplomacy and military strategy, influencing the fates of nations even when
that influence may well be invisible to the uninitiated; and provides insights
into the origins of human behaviors, not only for psychologists seeking to
understand why we act as we do, but also for evolutionary biologists asking how
those patterns of actions-as human strategies-were handed down.
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Games People Play: Game Theory in Life, Business, and Beyond
Download | Free
