The Strategy of Conflict
A series of closely interrelated essays on game theory, this book deals with an area in which progress has been least satisfactory--the situations where there is a common interest as well as conflict between adversaries: negotiations, war and threats of war, criminal deterrence, extortion, tacit bargaining. It proposes enlightening similarities between, for instance, maneuvering in limited war and in a traffic jam; deterring the Russians and one's own children; the modern strategy of terror and the ancient institution of hostages.
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If the institutional environment makes it possible for a potential buyer to make a
single “final” offer subject to extreme penalty in the event he should amend the
offer — to commit himself — there remains but a single, welldetermined decision
There must then be some critical moment in time, a finite period before the
midnight bell rings, that is the last moment at which a player can begin the
operations that record his final offer. That is, there is some last moment before the
bell rings, ...
Under this procedure, any offer initiated during the next to last minute of the game
is one's final offer. If this final offer cannot be communicated to the other player
before the expiration of the minute, the game is essentially the same as before; ...
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LibraryThing ReviewUser Review - HadriantheBlind - LibraryThing
This is one of the most important books on Game Theory, and also, thankfully, one of the more accessible (certainly much more so than von Neumann's and Morgenstern's book). His main theses are that ... Read full review
A REORIENTATION OF GAME THEORY
Game Theory and Experimental Research
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