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Synopsis
What does game theory tell us about rational behavior? Is there such a thing as rational behavior, and if so, is it of any use to us? In this fascinating book, reknowned Hungarian economist Laszlo Mero shows how game theory illuminates such aspects of human psychology as altruism, competition, and politics, as well as its relevance to disparate fields such as physics and evolutionary biology. He concludes by comparing the roles of rationality and irrationality in what we call "wisdom." This wonderful book is for everyone who wonders what mathematics can tell us about the human condition.
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Moral Calculations: Game Theory, Logic, and Human Frailty
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Moral Calculations Game Theory, Logic, and Human Frailty [] Mero, Laszlo and Gsi-Greguss, A.C.
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Moral Calculations (Paperback)
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ISBN 10: 1461272327
ISBN 13: 9781461272328
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Paperback. Condition: new. Paperback. Are people ever rational? Consider this: You auction off a one-dollar bill to the highest bidder, but you set the rules so that the second highest bidder also has to pay the amount of his last bid, even though he gets nothing. Would people ever enter such an auction? Not only do they, but according to Martin Shubik, the game's inventor, the average winning bid (for a dollar, remember) is $3.40. Many winners report that they bid so high only because their opponent "went completely crazy." This game lies at the intersection of three subjects of eternal fascination: human psychology, morality, and John von Neumann's game theory. Hungarian game-theorist Laszlo Mero introduces us to the basics of game theory, including such concepts as zero-sum games, Prisoner's Dilemma and the origins of altruism; shows how game theory is applicable to fields ranging from physics to politics; and explores the role of rational thinking in the context of many different kinds of thinking. This fascinating, urbane book will interest everyone who wonders what mathematics can tell us about the human condition. This game lies at the intersection of three subjects of eternal fascination: human psychology, morality, and John von Neumann's game theory. Hungarian game-theorist Laszlo Mero introduces us to the basics of game theory, including such concepts as zero-sum games, Prisoner's Dilemma and the origins of altruism; Shipping may be from multiple locations in the US or from the UK, depending on stock availability. Seller Inventory # 9781461272328
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Moral Calculations
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ISBN 10: 1461272327
ISBN 13: 9781461272328
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Paperback. Condition: New. Softcover reprint of the original 1st ed. 1998. Seller Inventory # LU-9781461272328
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