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Prediction: How to See and Shape the Future with Game Theory

SKU: 9780099531845

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Prediction: How to See and Shape the Future with Game Theory, Jens Beckert, 9780099531845

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Can an esoteric branch of mathematics forecast the future? Game theory is a fancy label for a simple idea- people do what they believe is in their best interest. That means that people pay attention to how they expect others will react to their particular decisions. By estimating what it is that people know about a problem; what they believe about it; what they value as a way to settle the problem; by also knowing against whom they are competing and by identifying with whom they are trying to co-operate, anyone can make a reliable prediction. And if you can predict what will happen, then you can also predict what will happen if you alter what people believe about a situation. Predictioneer is a dazzling, provocative and utterly engrossing account of how to use the basic techniques of game theory to make forecasts about future events, from foreign policy to everyday life (how to buy a car). Written in vivid and accessibl

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