Game Theory
Accounts of the success of operations research during the war, publication in 1944 of John von Neumann and Oskar Morgenstern's Theory of Games and Economic Behavior (Von Neumann & Morgenstern 1944) on the use of game theory for developing and analyzing optimal strategies for military and other uses, and publication of John William's The Compleat Strategyst, a popular exposition of game theory, led to a greater appreciation of mathematical analysis of human behavior.
But game theory had a little crisis: it could not find a strategy for a simple game called "The Prisoner's Dilemma" (PD) where two players have the option to cooperate for mutual gain, but each also takes a risk of being suckered.
Read more about this topic: Evolution Of Cooperation
Famous quotes containing the words game and/or theory:
“One of life’s primal situations; the game of hide and seek. Oh, the delicious thrill of hiding while the others come looking for you, the delicious terror of being discovered, but what panic when, after a long search, the others abandon you! You mustn’t hide too well. You mustn’t be too good at the game. The player must never be bigger than the game itself.”
—Jean Baudrillard (b. 1929)
“The human species, according to the best theory I can form of it, is composed of two distinct races, the men who borrow and the men who lend.”
—Charles Lamb (1775–1834)