ABSTRACT
Game theory is the science of interactive decision-making. It was created in one fell swoop with the publication of John von Neumann and Oskar Morgenstern’s Games and Economic Behavior by Princeton University Press (1944). Widely hailed when it was published, the book became an instant classic. Its impact was enormous. Almost immediately, game theory began to
penetrate economics – as one might well expect. But soon afterward, applications, extensions, and modifications of the framework presented by von Neumann and Morgenstern began to appear in other fields, including sociology, psychology, anthropology and, through political science, international relations and security studies.
