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Author:Harsanyi, J. C.
Title:Games with incomplete information
Journal:American Economic Review
1995 : JUN, VOL. 85:3, p. 291-303
Index terms:GAME THEORY
DECISION MAKING
CO-OPERATIVE GAMES
Language:eng
Abstract:Game theory is a theory of strategic interaction. That is to say, it is a theory of rational behavior in social situations in which each player has to choose his moves on the basis of what he thinks the other players' countermoves are likely to be. After preliminary work by a number of other distinguished mathematicians and economists, game theory as a systematic theory started with von Neumann and Morgenster's book. Theory of Games and Economic Behavior, published in 1944. One source of their theory was reflection on games of strategy such as chess and poker. But it was meant to help in defining rational behavior also in real-life economic, political, and other social situations.
SCIMA record nr: 138331
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