Theory of Games and Economic Behavior

Name: Theory of Games and Economic Behavior
Brand: Hachette Aotearoa New Zealand
SKU: 9780691130613
Price: 160.0 NZD
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60th Anniversary Commemorative Edition

By John von Neumann and Oskar Morgenstern

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Summary

Theory of Games and Economic Behavior is the foundational text that established modern game theory, authored by mathematician John von Neumann and economist Oskar Morgenstern. First published in 1944, it introduced a mathematical framework for analysing economic and social interactions through strategic games. This groundbreaking work revolutionised economics and gave rise to a new, interdisciplinary field applied across social sciences and beyond, influencing areas from political strategy to public health policy. The sixtieth anniversary edition includes the original text along with insightful supplementary materials that enhance understanding of its lasting impact.
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Format: Paperback / softback

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Theory of Games and Economic Behavior

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Ideal for economists, mathematicians, social scientists, policy analysts, and advanced students interested in game theory and its applications across a broad spectrum of disciplines.

Published in 1944, "Theory of Games and Economic Behavior" featured a groundbreaking mathematical theory of economic and social organization, based on a theory of games of strategy. This title includes the original text, an introduction by Harold Kuhn, and reviews and articles on the book that appeared at the time of its original publication.

Description

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 groundbreaking mathematical theory of economic and social organization, based on a theory of games of strategy. Not only would this revolutionise economics, but the entirely new field of scientific inquiry it yielded—game theory—has since been widely used to analyse 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. Today, it is established throughout both the social sciences and a wide range of other sciences.

This sixtieth anniversary edition includes not only the original text but also an introduction by Harold Kuhn, an afterword by Ariel Rubinstein, and reviews and articles on the book that appeared at the time of its original publication in the New York Times, the American Economic Review, and a variety of other publications. Together, these writings provide readers a matchless opportunity to more fully appreciate a work whose influence will yet resound for generations to come.

Book Hero Magic summarised reviews for this book. While it's new and still learning, it may not be perfect - your feedback is welcome! HOW HAS THIS BEEN REVIEWED?

Renowned for its multifaceted contribution, the book is hailed as a landmark in twentieth-century social science. It has significantly influenced mathematics and the study of automata, making it an essential addition to any serious library. While academic debate continues over the full success of embedding economics within mathematical rigour, interest in game theory remains at an all-time high. This edition is widely recommended by experts as a valuable resource for researchers and scholars alike.

Book Details

INFORMATION

ISBN: 9780691130613

Publisher: Princeton University Press

Format: Paperback / softback

Date Published: 08 April 2007

Country: United States

Imprint: Princeton University Press

Edition: 60th Anniversary Commemorative Edition

Illustration: 105 line illus. 9 tables.

Contributors:

Introduction by Harold W. Kuhn
Afterword by Ariel Rubinstein

Audience: Tertiary education, Professional and scholarly

DIMENSIONS

Width: 152.0mm

Height: 235.0mm

Weight: 1049g

Pages: 776

Collections

Education & Reference Finance & Investment John von Neumann Non-Fiction Oskar Morgenstern Science & Nature

About the Author

John von Neumann (1903-1957) was one of the greatest mathematicians of the twentieth century and a pioneering figure in computer science. A native of Hungary who held professorships in Germany, he was appointed Professor of Mathematics at the Institute for Advanced Study (IAS) in 1933. Later he worked on the Manhattan Project, helped develop the IAS computer, and was a consultant to IBM. An important influence on many fields of mathematics, he is the author of Functional Operators, Mathematical Foundations of Quantum Mechanics, and Continuous Geometry (all Princeton). Oskar Morgenstern (1902-1977) taught at the University of Vienna and directed the Austrian Institute of Business Cycle Research before settling in the United States in 1938. There he joined the faculty of Princeton University, eventually becoming a professor and from 1948 directing its econometric research program. He advised the United States government on a wide variety of subjects. Though most famous for the book he co-authored with von Neumann, Morgenstern was also widely known for his skepticism about economic measurement, as reflected in one of his many other books, On the Accuracy of Economic Observations (Princeton). Harold Kuhn is Professor Emeritus of Mathematical Economics at Princeton University. Ariel Rubinstein is Professor of Economics at Tel Aviv University and at New York University.

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