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Games and Decisions : Introduction and Critical Survey

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Title: Games and Decisions : Introduction and Critical Survey
by R. Duncan Luce, Howard Raiffa
ISBN: 0-486-65943-7
Publisher: Dover Pubns
Pub. Date: 01 April, 1989
Format: Paperback
Volumes: 1
List Price(USD): $14.95
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Average Customer Rating: 5 (3 reviews)

Customer Reviews

Rating: 5
Summary: This was the textbook used by John Nash......
Comment: in his course in Game Theory (M711!) at MIT in the late 1950's.
I took that course; while Nash was unquestionably brilliant, he was getting to be pretty hard to follow at that point. The lecture hall was always jammed to overflowing, because even on a bad day Nash was really something! Nevertheless, the book was subsequently very useful, with lots of ideas about game-theoretic approaches to real-world problems.

Nash didn't think too highly of this book (too much non-mathematical stuff), but thought it the best available at the time not written by his arch-enemy, Von Neumann!

Rating: 5
Summary: A Great Read
Comment: This overview of game theory and decisions is a great into the problems and ideas behind game theory. I expect that this book will be most appreciated by non-math Ph.D.'s or grad students. For a math person, Von Neumann and Morgenstern's classic title is perhaps a better place to start. This book is one of those that can be read on a range of levels. I work in a trading and risk management environment and I find this book very useful.

Rating: 5
Summary: An excellent and easy to read introduction to Game Theory
Comment: This book covers all the elements of Game Theory, emphasizing intuition over mathematical formalism. The philosophical aspects are also given a thorough treatment. The 8 appendices provide a more formal exposition of several key concepts such as the Minmax Theorem, the geometry of equilibria and Linear programming. The book has not changed much since its publication in 1957, but it is by no means archaic. Even for those who have a modern and more rigorous textbook, "Games and Decisions" is Highly recommended as a supplement. There is something for everyone in it.

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