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Theory of Games and Economic Behavior (Princeton Classic Editions) by [Neumann, John von, Oskar Morgenstern]

Theory of Games and Economic Behavior (Princeton Classic Editions) Kindle Edition

by John von Neumann (Author), Oskar Morgenstern (Author), Harold William Kuhn (Introduction, Contributor),

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This is the classic work upon which modern-day game theory is based. What began more than sixty years ago as a modest proposal that a mathematician and an economist write a short paper together blossomed, in 1944, when Princeton University Press published Theory of Games and Economic Behavior. In it, John von Neumann and Oskar Morgenstern conceived a groundbreaking mathematical theory of economic and social organization, based on a theory of games of strategy. Not only would this revolutionize economics, but the entirely new field of scientific inquiry it yielded--game theory--has since been widely used to analyze a host of real-world phenomena from arms races to optimal policy choices of presidential candidates, from vaccination policy to major league baseball salary negotiations. And it is today established throughout both the social sciences and a wide range of other sciences.

This sixtieth anniversary edition includes not only the original text but also an introduction by Harold Kuhn, an afterword by Ariel Rubinstein, and reviews and articles on the book that appeared at the time of its original publication in the New York Times, tthe American Economic Review, and a variety of other publications. Together, these writings provide readers a matchless opportunity to more fully appreciate a work whose influence will yet resound for generations to come.

Length: 776 pages

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Product Details

File Size: 11376 KB
Print Length: 776 pages
Publisher: Princeton University Press; 60th Anniversary Commemorative edition (March 19, 2007)
Publication Date: March 19, 2007
Sold by: Amazon Digital Services LLC
Language: English
ASIN: B00AMAZL4I
Text-to-Speech: Enabled

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Amazon Best Sellers Rank: #352,093 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
- #29 in Kindle Store > Kindle eBooks > Nonfiction > Science > Mathematics > Applied > Game Theory
- #108 in Books > Science & Math > Evolution > Game Theory
- #230 in Kindle Store > Kindle eBooks > Business & Money > Economics > Theory

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Customer Reviews

4.5 out of 5 stars

5 star		57%
4 star		36%
3 star		7%
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Top Customer Reviews

Landmark work but heavy going

ByMarkon August 23, 2000

Format: Paperback

I'm not even sure I'm qualified to pass judgement on this book, but what I understand, I give 5 stars without hesitation. The authors discuss almost every class of game (2-person, 3-person, zero-sum, non-zero-sum, etc.) and even a very simplified version of poker.

You basically have to be a mathematician to get full value from this book. This book is absolutely full of equations and complex proofs. For a beginner with little math, I'd recommend Game Theory by Morton Davis, or for someone with some university math I'd recommend Games and Decisions by Luce and Raiffa. However, if your math is good, you might as well go straight to this book, which started the whole field of game theory.

11 comment 135 people found this helpful. Was this review helpful to you?YesNo

An Obvious Classic But . . .

ByK. Yoston October 22, 2002

Format: Paperback

Let me start out by acknowledging that this is THE BOOK that started Game Theory as it exists today. While Bayesian statistics are an obvious precursor, everyone agrees that von Neumann's and Morgenstern's work was ground breaking.
That said, this is not the best written Game Theory text out there. Like all seminal works, it suffers from the basic fact that we've learned a lot of new things since the time it was written. Many people have gone on to build and expand on the insights contained in this book, especially in the area of bargaining and cooperative game theory.
This is a very impressive book to keep on your shelf, and the discussion of poker and the role of bluffing is very interesting, but, owing largely to the 60+ years that have passed since its initial publication, it's not the best reference work or study material available.
Another word of warning: The review below is correct that the level of math that you must understand to fully appreciate this book is quite substantial. This book is more for the mathematically sophisticated who want to develop an appreciation for the origins of game theory.

33 comments 105 people found this helpful. Was this review helpful to you?YesNo

Detailed examination of game theory

ByDr. James V. Blowerson February 2, 2014

Format: PaperbackVerified Purchase

I read this book when I was a teenager, in the early 1960s. I found that it explained a lot of things about game theory, but found it went into detail in some places, and I turned to Dresher's Theory of Games of Strategy and Luce and Raiffa's Games and Decisions for simpler explanations. I ordered the book now to look at what I studied so long ago. It is indeed highly detailed - the detail surprised me in some cases. And I found that the theory it presents can't always be applied to the real world. But I liked the book so well that I ordered it in 2013, or more than 50 years later.

22 comments 4 people found this helpful. Was this review helpful to you?YesNo

Say what?

ByMassimo Tagliavinion June 22, 2014

Format: PaperbackVerified Purchase

Von Neumann. This theory sistematizes decision making and taking risk. As usual easier to read than Von Neumann "explainers". Brilliant

0Comment 2 people found this helpful. Was this review helpful to you?YesNo

Thorough, Maybe Too Thorough

ByAmazon Customeron January 31, 2008

Format: Paperback

I am in the middle of this book now. I chose it because it was the first in this field. It presents so much information, it can overwhelming. Perhaps I should have chosen a simpler book for my first. Oh well, I will plod along. My limited math skills meas I miss out on a lot of the book, but the stuff in between the math is great and is helping me to better understand the ideas.
I'm giving it four stars. It is jam-packed with great research and the reader can learn quite a bit, but the heavy math emphasis makes it difficult for many to consume.

0Comment 4 people found this helpful. Was this review helpful to you?YesNo

Good Read

Byjacobon July 18, 2013

Format: PaperbackVerified Purchase

This book is awesome. For someone who wants to take game theory seriously they should definitely read this book. I will more than likely reference in every game theory paper I will write

0Comment One person found this helpful. Was this review helpful to you?YesNo

love it.

ByAmazon Customeron January 15, 2016

Format: PaperbackVerified Purchase

just one word, love it.

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revolutionary

ByKyle Frazeron May 8, 2008

Format: Paperback

This book is a must for high level math or econ. majors. To truly understand all the math you need advanced calculus, but the book is still worth while if you only have a basic knowledge of math. The work von Neumann did was revolutionary, with game theory being a joke before this work. You should read it.

0Comment 3 people found this helpful. Was this review helpful to you?YesNo

Most Recent Customer Reviews

Five Stars

The classical book,but I haven't read.

Published 1 year ago by winbsd

A fundamental book in the application of the theory of games in the social sciences, it compares the application of games to social behavior with similar progress in the physical...Read more

Published on May 21, 2012 by doks

The Great Johnny von Neumann......and Game Theory.....

Dear Readers

2 Feb 2013

Johnny forgot about the Entropy in physical systems.

At least, he never "put it in" the analysis.Read more

Published on August 11, 2011 by Southern Jameson West

Like reading murky Elizabethan prose for this generation of game theorists

Like reading murky Elizabethan prose for this generation of game theorists.

Theory of Games and Economic Behavior (TGEB) is the Ur-text of game theory, and...Read more

Published on April 20, 2009 by Bachelier

very fast shipping, great transaction

I was very happy with book I received. Book was as described and shipped very fast. Thank You!

Published on March 30, 2009 by Kimberly Patton

Please, the genius speak!

This book is very important for the quality of argument by two big personalities. The lecture is nice for the richness of particulars about several aspects of the theory.Read more

Published on February 29, 2008 by Edoardo Angeloni

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Theory of Games and Economic Behavior (Princeton Classic Editions) Kindle Edition

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