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Moral Calculations: Game Theory, Logic, and Human Frailty (Lecture Notes in Computer Sci.; 1402) Hardcover – 1 Jul 1998

4.0 out of 5 stars 4 customer reviews

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Product details

  • Hardcover: 292 pages
  • Publisher: Copernicus; 1998 ed. edition (1 July 1998)
  • Language: English
  • ISBN-10: 0387984194
  • ISBN-13: 978-0387984193
  • Product Dimensions: 15.6 x 1.9 x 23.4 cm
  • Average Customer Review: 4.0 out of 5 stars 4 customer reviews
  • Amazon Bestsellers Rank: 1,125,881 in Books (See Top 100 in Books)
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Product description

Synopsis

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.


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7 January 1999
3 people found this helpful
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Amazon.com: 4.5 out of 5 stars 13 reviews
Bill Terwilliger
5.0 out of 5 starsThis is one of the most important books ever written ...
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Royce P. Grubic
4.0 out of 5 starsLucid, Insightful, and Refreshingly Ambitious
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JM
5.0 out of 5 starsGreat for learning about Game Theory
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13 people found this helpful.
Klug
5.0 out of 5 starsHuman (ir)rationality
26 October 2010 - Published on Amazon.com
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Mark C
5.0 out of 5 starsGame Theory and Strategy
3 September 2013 - Published on Amazon.com
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