Hidden Games
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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...
Published By Basic Books
Format Audiobook
Category
Number Of Pages N/A
Publication Date 04/05/2022
ISBN 9781549193156
"Hidden Games is a pair of x-ray specs for your mind; it gives you the ability to penetrate surfaces and see what's going on at a deeper level. And the writing is as good as the ideas, which is saying something."—Andrew McAfee, author of More from Less and coauthor of The Second Machine Age
“Skillfully wielding the instruments of game theory, Hoffman and Yoeli entertainingly cut away the veneer of social life. The duo delivers a penetrating look at the cold logic shaping the puzzling patterns that pervade our actions and communities.” —Joe Henrich, author of The WEIRDest People in the World
“Hidden Games is a fascinating tour of how game theory can explain the intricacies and quirks of human behavior; and Hoffman and Yoeli are expert guides. This is a book I will come back to again and again.” —Nichola Raihani, author of The Social Instinct
“Hidden Games is a great read. Hoffman and Yoeli show how widespread but puzzling behavior can result from self-interest, explaining subtle, important ideas in a snappy, accessible style.”—Rob Boyd, author of A Different Kind of Animal
"This is one of those books that you pick up and then can't put down; next thing you know, you’ve been reading for hours and forgotten to go to bed (true story). Filled with quirky facts and perspective-shifting insights, Hidden Games explains some of human beings' most puzzling behavior with one of the most powerful theories ever devised: game theory."
"In this fascinating book, Hoffman and Yoeli show how the tools of economics can be used to understand a wide range of real-world phenomena. The authors show time and again that many types of human behavior which seem inconsistent with consciously rational behavior can be understood once we realize that those same forces are operating below the surface. Indeed, this book shows the magic of what is hidden from view."
—Kevin M. Murphy, MacArthur Fellow and Professor of Economics at the Booth School of Business, University of Chicago