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Game Theory, Experience, Rationality - Foundations of Social Sciences, Economics and Ethics in honor of John C. Harsanyi (Paperback, Softcover reprint of hardcover 1st ed. 1998)
Loot Price: R4,392
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Game Theory, Experience, Rationality - Foundations of Social Sciences, Economics and Ethics in honor of John C. Harsanyi (Paperback, Softcover reprint of hardcover 1st ed. 1998)
Series: Vienna Circle Institute Yearbook, 5
Expected to ship within 10 - 15 working days
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When von Neumann's and Morgenstern's Theory of Games and Economic
Behavior appeared in 1944, one thought that a complete theory of
strategic social behavior had appeared out of nowhere. However,
game theory has, to this very day, remained a fast-growing
assemblage of models which have gradually been united in a new
social theory - a theory that is far from being completed even
after recent advances in game theory, as evidenced by the work of
the three Nobel Prize winners, John F. Nash, John C. Harsanyi, and
Reinhard Selten. Two of them, Harsanyi and Selten, have contributed
important articles to the present volume. This book leaves no doubt
that the game-theoretical models are on the right track to becoming
a respectable new theory, just like the great theories of the
twentieth century originated from formerly separate models which
merged in the course of decades. For social scientists, the age of
great discover ies is not over. The recent advances of today's game
theory surpass by far the results of traditional game theory. For
example, modem game theory has a new empirical and social
foundation, namely, societal experiences; this has changed its
methods, its "rationality. " Morgenstern (I worked together with
him for four years) dreamed of an encompassing theory of social
behavior. With the inclusion of the concept of evolution in
mathematical form, this dream will become true. Perhaps the new
foundation will even lead to a new name, "conflict theory" instead
of "game theory."
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