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Books > Business & Economics > Economics > Economic theory & philosophy
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Schelling's Game Theory - How to Make Decisions (Hardcover)
Loot Price: R1,464
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Schelling's Game Theory - How to Make Decisions (Hardcover)
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Thomas Schelling won the Nobel Prize in economics "for having
enhanced our understanding of conflict and cooperation through
game-theory analysis." This came after he had taught a course in
game theory and rational choice to advanced students and government
officials for 45 years. In this book, Robert Dodge provides in
language for a broad audience, the concepts that Schelling taught.
Armed with Schelling's understanding of game theory methods and his
approaches to problems, the general reader can improve daily
decision making. Mathematics often make game theory challenging but
was not a major part of Schelling's course and is even less of a
factor in this book. Along with a summary of the material Schelling
presented, included are problems from the course and similar less
challenging questions. While considerable analysis is done with the
basic game theory tool - the two-by-two matrix - much of the book
is descriptive and rational decision-making is explained with
stories. Chapter supplements are added to illuminate points
presented by Schelling, including writings by Paul Krugman, Thomas
Friedman, Steven Levitt, and others.
General
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