To a practitioner in the social sciences, game theory primarily helps to identify <italic>situations</italic> in which interdependent decisions are somehow problematic; <italic>solutions</italic> often require venturing into the social sciences. Game theory is usually about <italic>anticipating</italic> each other's choices; it can also cope with...

This groundbreaking series brings together a critical selection of key papers by the Nobel Memorial Laureates in Economics that have helped shape the development and present state of economics. The editors have organised this comprehensive series by theme and each volume focuses on those...