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The IgNobel Prize-winning author of How to Dunk a Doughnut draws on the science of game theory to explain how human beings cooperate in everyday life.
Physicist and Ig Nobel Prize-winner Fisher (How to Dunk a Doughnut) explores how game theory illuminates social behavior in this lively study. Developed in the 1940s, game theory is concerned with the decisions people make when confronted with competitive situations, especially when they have limited information about the other players' choices. Every competitive situation has a point called a Nash Equilibrium, in which parties cannot change their course of action without sabotaging themselves, and Fisher demonstrates that situations can be arranged so that the Nash Equilibrium is the best possible outcome for everyone. To this end, he examines how social norms and our sense of fair play can produce cooperative solutions rather than competitive ones. Fisher comes up short of solving the problem of human competitiveness, but perhaps that is too tall an order. Game theory works better as a toolkit for understanding behavior than as a rule book for directing it. Fisher does succeed in making the complex nature of game theory accessible and relevant, showing how mathematics applies to the dilemmas we face on a daily basis. (Nov.)
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved. More Reviews and RecommendationsLen Fisher, Ph.D., is Visiting Research Fellow in the Physics Department at the University of Bristol. He is the author of Weighing the Soul and How to Dunk a Doughnut, which was named Best Popular Science Book of 2004 by the American Institute of Physics. He has been featured on the BBC, CBS, and the Discovery Channel, as well as in newspapers such as the Wall Street Journal, the San Francisco Chronicle, and more. He is the recipient of a 1999 IgNobel Prize for calculating the optimal way to dunk a doughnut. He lives in Wiltshire, England, and Blackheath, Australia.
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November 23, 2009: Len Fisher, an award-winning author of popular science books, has written an entertaining, enlightening and practical guide to the abstruse discipline of game theory. Fisher shows how game theory explains phenomena as mundane as why spoons go missing from a coffee break room, as ingenious as rabbinical problem solving in the Talmud and as fateful as global warming. getAbstract finds that his lively writing invites a wide audience. Fisher engages lay readers by elucidating an intensively mathematical subject without heavy reliance on equations or jargon. His treatment of the subject makes game theory appear only slightly more complicated than child's play. In fact, he often uses children's games to illustrate the role of game theory in daily life.
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June 15, 2009: "This book reveals the pervasiveness of game theory in everyday life and does it in an entertaining way. Fisher outlines basics of the "Prisoner's Dilemma", one of the most common game theory principles and other examples like the "Tragedy of the Commons". You will recognize these models once they are explained and begin to see them played out everyday at work or with your family. Questions like what happened to all those spoons in the office kitchen, are answered and a few more significant ones as well. Fans of thought provoking books will find this a worthwhile read. And if you play Rock, Paper, Scissors it gives some hints how to win more often.