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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It is that an explicit theory of “rational” decision, and of the strategic
consequences of such decisions, makes perfectly clear that it is not a universal
advantage in situations of conflict to be inalienably and manifestly rational in
decision and ...
and says, “Intuitively the assumption underlying this axiom is that a rational
bargainer will not expect a rational opponent to grant him larger concessions
than he would make himself under similar conditions.” 14 Now this intuitive
The first we might call the “rational-solution” postulate; it is the second that
constitutes the s “symmetry” postulate. ! The question now is whether the
symmetry postulate is de- t rived from the players' rationality — the rationality of
their ex- J ...
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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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