Theory of Games and Economic Behavior
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 60th anniversary edition, 2004 |
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| Author | John von Neumann, Oskar Morgenstern |
|---|---|
| Country | United States |
| Language | English |
| Subject(s) | Game theory |
| Genre(s) | Science |
| Publisher | Princeton University Press |
| Released | 1944 |
| Media type | book |
| Pages | xviii, 625 p. (1st edition) |
Theory of Games and Economic Behavior, published in 1944 by Princeton University Press, is a textbook by mathematician John von Neumann and economist Oskar Morgenstern which is widely considered the pathbreaking text that created the interdisciplinary research field of game theory.
The book is based on prior research by von Neumann, published in 1928 under the German title "Zur Theorie der Gesellschaftsspiele" ("On the Theory of Parlor Games").
This is now a classic work, upon which modern-day game theory is based. Game theory has since been widely used to analyze real-world phenomena from arms races to optimal policy choices of presidential candidates, from vaccination policy to major league baseball salary negotiations. It is today established, both throughout the social sciences and in a wide range of other sciences.
The journal Games and Economic Behavior, founded in 1989, is widely considered to be the leading academic journal in game theory. In its webpage, the journal is described as follows. "Games and Economic Behavior facilitates cross-fertilization between theories and applications of game theoretic reasoning. It consistently attracts the best quality and most creative papers in interdisciplinary studies within the social, biological, and mathematical sciences. Most readers recognize it as the leading journal in game theory."
[edit] References
- John von Neumann: "Zur Theorie der Gesellschaftsspiele", Mathematische Annalen, 100, pp. 295–300 (1928).
- John von Neumann and Oskar Morgenstern: Theory of Games and Economic Behavior, Princeton University Press (1944).
- A.H. Copeland: "Review of 'The Theory of Games and Economic Behavior", Bulletin of the American Mathematical Society 51, pp. 498–504 (1945).
- L. Hurwicz "The Theory of Economic Behavior", American Economic Review 35, pp. 909–925 (1945).
- C. Kaysen: "A Revolution in Economic Theory?" Review of Economic Studies 14(1), pp. 1–15 (1946–47).
- J. Marshak: "Neumann's and Morgenstern's New Approach to Static Economics", Journal of Political Economy 54, pp. 97–115 (1946).
- R. Stone: "The Theory of Games", Economic Journal 68, pp. 185–201 (1948).
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