Theory of Games and Economic Behavior

Recommended by Ariel Rubinstein, and 1 others. See all reviews

Ranked #4 in Game Theory, Ranked #15 in Microeconomics

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 revolutionize economics, but the entirely new field of scientific inquiry it yielded--game theory--has... more

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Ariel Rubinstein This was the first comprehensive attempt to put many game theoretical ideas together. They set up the style, the concepts and the level of abstraction. (Source)

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