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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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 ...
*The solution proposed by J. F. Nash for bargaining games in which both players
have perfect knowledge of their own and each other's utility systems (subjective
valuations) is the outcome that maximizes the product of the two players' utilities.
APPENDIX C RE-INTERPRETATION OF A SOLUTION CONCEPT FOR “
NONCOOPERATIVE” GAMES The pure common-interest game, or coordination
game, may add insight into the reasoning behind certain solution concepts in
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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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