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Hidden Games: The Surprising Power of Game Theory to Explain Irrational Human Behavior
Price $32.00Hardcover
In Stock
Moshe Hoffman and Erez Yoeli
Harvard Book Store, the Harvard University Division of Science, and the Harvard Library welcome celebrated economists MOSHE HOFFMAN and EREZ YOELI for a discussion of their co-authored book, Hidden Games: The Surprising Power of Game Theory to Explain Irrational Human Behavior. They will be joined in conversation by ANDREW MCAFEE, the Co-Founder and Co-Director of MIT’s Initiative on the Digital Economy and a Principal Research Scientist at the MIT Sloan School of Management.
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, to cast 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.
