In recent decades game theory--the mathematics of rational
decision-making by interacting individuals--has assumed a central place
in our understanding of capitalist markets, the evolution of social
behavior in animals, and even the ethics of altruism and fairness in
human beings. With game theory's ubiquity, however, has come a great
deal of misunderstanding. Critics of the contemporary social sciences
view it as part of an unwelcome trend toward the marginalization of
historicist and interpretive styles of inquiry, and many accuse its
proponents of presenting a thin and empirically dubious view of human
choice.
The World the Game Theorists Made seeks to explain the ascendency of
game theory, focusing on the poorly understood period between the
publication of John von Neumann and Oscar Morgenstern's seminal Theory
of Games and Economic Behavior in 1944 and the theory's revival in
economics in the 1980s. Drawing on a diverse collection of institutional
archives, personal correspondence and papers, and interviews, Paul
Erickson shows how game theory offered social scientists, biologists,
military strategists, and others a common, flexible language that could
facilitate wide-ranging thought and debate on some of the most critical
issues of the day.