Hidden Games: The Surprising Power of Game Theory to Explain Irrational Human Behavior

Hidden Games: The Surprising Power of Game Theory to Explain Irrational Human Behavior

  • Downloads:7989
  • Type:Epub+TxT+PDF+Mobi
  • Create Date:2022-04-19 09:52:22
  • Update Date:2025-09-07
  • Status:finish
  • Author:Erez Yoeli
  • ISBN:1541619471
  • Environment:PC/Android/iPhone/iPad/Kindle

Summary

Two  MIT economists  show  how  game theory—the ultimate theory of rationality—explains irrational behavior    

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, casts 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。

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Reviews

Maher Razouk

كيف طوّر الهنود ذوقاً للمأكولات الحارة جدًا؟ لماذا لم يفعل يهود أوروبا الشرقية الشيء نفسه؟ في عام 1998 ، اقترحت جينيفر بيلينج وبول شيرمان أن الإجابة تكمن في قدرة التوابل على تثبيط وقتل البكتيريا التي تسبب تلف الطعام。 لقد اكتشفوا أن هذه القدرة كانت مفيدة للغاية في المناخات الحارة ، لذلك هذا هو المكان الذي نتوقع أن نجد فيه أشخاصًا تعلموا حب التوابل الحارة。。Erez YoeliHidden GamesTranslated By #Maher_Razouk

Alex

https://www。linkedin。com/posts/erez-y。。。 https://www。linkedin。com/posts/erez-y。。。 。。。more

Chris Boutté

A friend had a review copy of this book and kept tweeting out sections of it, and I had to have it。 So, I reached out to get my review copy, and I binged it within a couple of days。 I’ve been really interested in game theory for a while when it comes to human behavior and optimal ways to deal with people and make decisions。 Unfortunately, game theory books can get extremely complicated and aren’t often written for laypeople。 With this book, Yoeli and Hoffman did a great job writing a book that w A friend had a review copy of this book and kept tweeting out sections of it, and I had to have it。 So, I reached out to get my review copy, and I binged it within a couple of days。 I’ve been really interested in game theory for a while when it comes to human behavior and optimal ways to deal with people and make decisions。 Unfortunately, game theory books can get extremely complicated and aren’t often written for laypeople。 With this book, Yoeli and Hoffman did a great job writing a book that was accessible to people like me, but I also think it’s a great read for people more familiar with the topic than myself。Game theory is often discussed when we’re talking about wars between nations or some other type of really serious situation。 I’m more interested in our day-to-day relationships。 This book did such an excellent job discussing how we evolved to cooperate but also to hold people accountable。 It also dives into how we signal our status and position, and the authors give excellent theories and explanations for why we signal or do certain behaviors that are costly or seemingly have no benefit。There were a few parts that went way over my head when they were explaining different research or game theory experiments, but it was mainly just the way the situations were set up。 After it got passed the “If X does Y and Q is the situation” type stuff, they did an awesome job breaking it down and explaining the findings and potential logic behind the behaviors。All-in-all, this is one of the best books I’ve read on the topic, and it’s even one of the better behavioral psych books I’ve read that explains seemingly irrational behavior。 I really enjoyed it and will most likely be reading it again。 。。。more

Ozan

Very good book, comes as a saviour of Game Theory in the age of behavioural economics which shattered the strong rationality assumption that underlies GT。 Behind the empirical anomalies, the authors show how relevant GT still is。 A good read indeed。