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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Most bargaining situations ultimately involve some range of possible outcomes
within which each party would rather make a concession than fail to reach
agreement at all. In such a situation any potential outcome is one from which at
Further, they showed that there are tacit bargaining situations in which the conflict
of interest in the choice of action may ... It is a behavior situation in which each
player's best choice of action depends on the action he expects the other to take,
guess what another will do in an objective situation; one is trying to guess what
the other will guess one's self to guess the other to guess, and so on ad infinitum.
(“Meeting” someone in the personal column of a newspaper is a good example.
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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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