Schelling`s Game Theory: How to Make Decisions

Download Schelling`s Game Theory: How to Make Decisions

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Schelling`s Game Theory: How to Make Decisions by Robert V. Dodge

English | 2012 | ISBN: 0199857202, 0199857210 | 304 pages | PDF | 1,2 MB

Thomas Schelling, who wrote the foreword for this book, won the Nobel Prize in economics for "having enhanced our understanding of conflict and cooperation through game-theory analysis." This came after he had taught a course in game theory and rational choice to advanced students and government officials for 45 years. In this book, Robert Dodge provides in language for a broad audience, the concepts that Schelling taught. Armed with Schelling`s understanding of game theory methods and his approaches to problems, the general reader can improve daily decision making.

Mathematics often make game theory challenging but was not a major part of Schelling`s course and is even less of a factor in this book. Along with a summary of the material Schelling presented, included are problems from the course and similar less challenging questions. While considerable analysis is done with the basic game theory tool–the two-by-two matrix–much of the book is descriptive and rational decision-making is explained with stories. Chapter supplements are added to illuminate points presented by Schelling, including writings by Paul Krugman, Thomas Friedman, Steven Levitt, and others.

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