A series of closely interrelated essays on game theory, this book deals with an area in which progress has been least satisfactory the situations ...Show synopsisA series of closely interrelated essays on game theory, this book deals with an area in which progress has been least satisfactory the situations where there is a common interest as well as conflict between adversaries: negotiations, war and threats of war, criminal deterrence, extortion, tacit bargaining. It proposes enlightening similarities between, for instance, maneuvering in limited war and in a traffic jam; deterring the Russians and one's own children; the modern strategy of terror and the ancient institution of hostages.Hide synopsis
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Schelling's classic text on bargaining stems from a Cold War perspective and leads some to discount the importance of this text. However, the perspective Schelling lends to game theory is just as much applicable today, whether analyzing international relations or preparing to negotiate the price for your next house or vehicle.
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