I think a basic overview of game theory should also discuss Pareto optimality to some extent. You can have 100% of participants operating in a locally-ideal way while still creating problems in aggregate.
by Nifty3929
1 subcomments
Why Flip a Coin is a really great book about game theory. Easy to read, very little assumed knowledge, and lots of very interesting and counterintuitive examples and situations. Also, despite the introductory nature - still gets into the math in a rigorous way.
by rramadass
0 subcomment
Some good resources on Game Theory;
1) Game Theory: A Nontechnical Introduction by Morton Davis.
2) Behavioral Game Theory: Experiments in Strategic Interaction by Colin Camerer.
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