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Game theory, the formalized study of strategy, began in the 1940s by asking how emotionless geniuses should play games, but ignored until recently how average p
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How do interacting decision-makers make strategic choices? If they’re rational and can somehow predict each other’s behavior, they may find themselves in a
The Bounds of Reason
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Game theory is central to understanding human behavior and relevant to all of the behavioral sciences—from biology and economics, to anthropology and politica
Behavioural and Experimental Economics
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Specially selected from The New Palgrave Dictionary of Economics 2nd edition, each article within this compendium covers the fundamental themes within the disci