Games are everywhere: Drivers maneuvering in heavy traffic are playing a driving game. Bargain hunters bidding on eBay are playing an auctioning game. The supermarket's price for corn flakes is decided by playing an economic game. This Very Short Introduction offers a succinct tour of the fascinating world of game theory, a groundbreaking field that analyzes how to play games in a rational way. Ken Binmore, a renowned game theorist, explains the theory in a way that is both entertaining and non-mathematical yet also deeply insightful, revealing how game theory can shed light on everything from social gatherings, to ethical decision-making, to successful card-playing strategies, to calculating the sex ratio among bees.
With mini biographies of many fascinating, and occasionally eccentric, founders of the subject - including John Nash, subject of the movie A Beautiful Mind - this audiobook offers a concise overview of a cutting-edge field that has seen spectacular successes in evolutionary biology and economics, and is beginning to revolutionize other disciplines from psychology to political science.
No one is more qualified to provide a primer on game theory than one of its founders, Ken Binmore, Professor Emeritus of Economics at University College London, who concisely illustrates the theory’s practical use in everyday life, sheds light on its history, and touches on its key concepts, including but not limited to the Nash equilibrium and minimax.
Jesse Einstein’s amiable, down-to-earth delivery of this sometimes challenging material makes this intellectually stimulating audiobook palatable to all audiences.
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- Jarrod T. Al-Alou