Game theory

Games are around us everywhere: drivers maneuvering in traffic play a driving game, traders offering deals on eBay play an auction game, and when a company negotiates with a labor union over next year's wages, they play a negotiation game, and the price of corn chips in the supermarket is determined by an economic game. This very short introduction takes us on a brief journey inside the wonderful world of game theory, a new field that analyzes how to play games in a rational way. Ken Binmore — a well-known athlete and researcher in game theory — explains the concept of the theory in an engaging and non-technical way, but it also features his deep insight; showing how game theory can shed light on everything — from social gatherings, through decision-making processes, to successful strategies for playing card games.