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This is the classic work upon which modern-day game theory is based. What began more than sixty years ago as a modest … 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 …
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The extensive form -- Strategies and the normal form -- Beliefs, mixed strategies, and expected payoffs -- General assumptions and methodology -- Dominance and best response -- Rationalizability and iterated dominance -- Location and partnership -- Nash equilibrium -- Oligopoly, tariffs, crime,...
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