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by Bacharach


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Start by marking Economics and the Theory of Games as Want to Read . by. Michael O. Bacharach.

Start by marking Economics and the Theory of Games as Want to Read: Want to Read savin. ant to Read.

More by Michael O. Beyond Individual Choice: Teams and Frames in Game Theory.

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Theory of Games and Economic Behavior, published in 1944 by Princeton University Press, is a book by mathematician John von Neumann and economist Oskar Morgenstern which is considered the groundbreaking text that created the interdisciplinary researc.

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Economics and the theory of games. 1 2 3 4 5. Want to Read. Are you sure you want to remove Economics and the theory of games from your list? Economics and the theory of games. by Michael Bacharach. Published 1976 by Macmillan in London.

Game theory is central to modern understandings of how people deal with problems of coordination and . As the culmination of Bacharach's long-standing program of pathbreaking work on the foundations of game theory, this book has been eagerly awaited.

Game theory is central to modern understandings of how people deal with problems of coordination and cooperation. Yet, ironically, it cannot give a straightforward explanation of some of the simplest forms of human coordination and cooperation-most famously, that people can use the apparently arbitrary features of "focal points" to solve coordination problems, and that people sometimes cooperate in "prisoner's dilemmas.

Game theory is central to modern understandings of how people deal with . In the classical tradition of game theory, Bacharach models human beings as rational actors, but he revises the standard definition of rationality to incorporate two major new ideas. He enlarges the model of a game so that it includes the ways agents describe to themselves (or frame ) their decision problems. Bacharach shows that certain tendencies for individuals to engage in team reasoning are consistent with recent findings in social psychology and evolutionary biology.

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Book by Bacharach, Michael
Economics-theory-game/h download epub
Economics
Author: Bacharach
ISBN: 0891587047
Category: Business & Money
Subcategory: Economics
Language: English
Publisher: Westview Press; 1 edition (July 17, 1977)
Pages: 163 pages