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Frabjous
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From a retiree’s stack of left behind books, I picked up a copy of Two-Person Game Theory (1966) by Rapoport. Is this an acceptable first (and possibly only) reading on the topic?
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mpresic3 said:It is good. One of my favorites though is, The Compleat Stategyst, by CD Williams. (I think). It is very lighthearted and much more readable, at perhaps a little lower level than Rapoport.
Two-Person Game Theory by Rapoport is a mathematical model used to analyze decision-making in situations where two individuals or groups have conflicting interests and must make strategic choices.
Anatol Rapoport was a Russian-born American psychologist and mathematician who is best known for his contributions to game theory, conflict resolution, and systems thinking. He developed the Two-Person Game Theory as a way to understand and predict behavior in competitive situations.
Two-Person Game Theory uses mathematical models to analyze the actions and decisions of two individuals or groups in a competitive situation. It takes into account factors such as the preferences, goals, and strategies of each player to predict the most likely outcome of the game.
Two-Person Game Theory has been applied to various fields such as economics, political science, and psychology. It has been used to analyze negotiations between countries, pricing strategies in business, and decision-making in social interactions.
Two-Person Game Theory assumes that both players have perfect information and make rational decisions, which may not always be the case in real-world situations. It also does not account for external factors or changing dynamics during the game, which can affect the outcome. Additionally, it may not be applicable to games with more than two players.