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Hidden Games: The Surprising Power of Game Theory to Explain Irrational Human Behavior

Erez Yoeli
3.67/5 (244 ratings)
Read Now Download Now
Two  MIT economists  show  how  game theory—the ultimate theory of rationality—explains irrational behavior    

We like to think of ourselves as rational. This idea is the foundation for classical economic analysis of human behavior, including the awesome achievements of game theory. But as behavioral economics shows, most behavior doesn’t seem rational at all—which, unfortunately, casts doubt on game theory’s real-world credibility.  

In Hidden Games, Moshe Hoffman and Erez Yoeli find a surprising middle ground between the hyperrationality of classical economics and the hyper-irrationality of behavioral economics. They call it hidden games. Reviving game theory, Hoffman and Yoeli use it to explain our most puzzling behavior, from the mechanics of Stockholm syndrome and internalized misogyny to why we help strangers and have a sense of fairness.  

Fun and powerfully insightful, Hidden Games is an eye-opening argument for using game theory to explain all the irrational things we think, feel, and do.
Format:
Audiobook
Pages:
368 pages
Publication:
2022
Publisher:
Basic Books
Edition:
Language:
ISBN10:
1549193155
ISBN13:
9781549193156
kindle Asin:

Hidden Games: The Surprising Power of Game Theory to Explain Irrational Human Behavior

Erez Yoeli
3.67/5 (244 ratings)
Read Download
Two  MIT economists  show  how  game theory—the ultimate theory of rationality—explains irrational behavior    

We like to think of ourselves as rational. This idea is the foundation for classical economic analysis of human behavior, including the awesome achievements of game theory. But as behavioral economics shows, most behavior doesn’t seem rational at all—which, unfortunately, casts doubt on game theory’s real-world credibility.  

In Hidden Games, Moshe Hoffman and Erez Yoeli find a surprising middle ground between the hyperrationality of classical economics and the hyper-irrationality of behavioral economics. They call it hidden games. Reviving game theory, Hoffman and Yoeli use it to explain our most puzzling behavior, from the mechanics of Stockholm syndrome and internalized misogyny to why we help strangers and have a sense of fairness.  

Fun and powerfully insightful, Hidden Games is an eye-opening argument for using game theory to explain all the irrational things we think, feel, and do.
Format:
Audiobook
Pages:
368 pages
Publication:
2022
Publisher:
Basic Books
Edition:
Language:
ISBN10:
1549193155
ISBN13:
9781549193156
kindle Asin:

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