Theory of Games and Economic Behavior by John von Neumann

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  • Title: Theory of Games and Economic Behavior
  • Author: John von Neumann
  • Category: Other
  • Date: Dec 2012
  • Lenguage: English
  • Pages: unknown
  • ISBN: 9781400829460

 

Ebook description:

This is the basic work upon which modern-day recreation concept relies. What started more than sixty years ago as a modest proposal {that a} mathematician and an economist write a brief paper collectively blossomed, in 1944, when Princeton University Press printed Theory of Games and Economic Behavior . In it, John von Neumann and Oskar Morgenstern conceived a groundbreaking mathematical concept of financial and social group, primarily based on a concept of video games of technique. Not solely would this revolutionize economics, however the solely new discipline of scientific inquiry it yielded—recreation concept—has since been broadly used to research a number of real-world phenomena from arms races to optimum coverage decisions of presidential candidates, from vaccination coverage to main league baseball wage negotiations. And it’s at this time established all through each the social sciences and a variety of different sciences.

 

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