chapter  1
40 Pages

AN OVERVIEW

Game theory is everywhere these days. After thrilling a whole generation of post-1970 economists, it is spreading like a bushfire through the social sciences. Two prominent game theorists, Robert Aumann and Oliver Hart, explain the attraction in the following way:

Game Theory may be viewed as a sort of umbrella or ‘unified field’ theory for the rational side of social science…[it] does not use different, ad hoc constructs…it develops methodologies that apply in principle to all interactive situations.