Competition: The Birth of a New Science

Front Cover
Macmillan, 2007 - Mathematics - 354 pages
0 Reviews
The Mathematical Theory of Games Sheds Light On A Wide Range of Competitive Activities
 
What do chess-playing computer programs, biological evolution, competitive sports, gambling, alternative voting systems, public auctions, corporate globalization, and class warfare have in common? All are manifestations of a new paradigm in scientific thinking, which James Case calls “the emerging science of competition.” Drawing in part on the pioneering work of mathematicians such as John von Neumann, John Nash (of A Beautiful Mind fame), and Robert Axelrod, Case explores the common game-theoretical strands that tie these seemingly unrelated fields together, showing how each can be better understood in the shared light of the others. Not since James Gleick’s bestselling book Chaos brought widespread public attention to the new sciences of chaos and complexity has a general-interest science book served such an eye-opening purpose. Competition will appeal to a wide range of readers, from policy wonks and futurologists to former jocks and other ordinary citizens seeking to make sense of a host of novel—and frequently controversial—issues.
 

What people are saying - Write a review

We haven't found any reviews in the usual places.

Contents

1 Man Versus Machine
3
2 The Art and Science of Competition
15
3 Tree Games and Backward Induction
30
4 Models and Paradigms
51
5 TwoSided Competition
71
6 ManySided Competition
92
7 Competition in the Wild
115
8 Auctions
130
12 Evidence Pro and Con
208
13 Free Trade
222
14 Heterodox Economic Thought
243
15 Spontaneous Cooperation
262
16 Imperfect Competition
278
17 Policy Implications
300
Epilogue
319
Notes
327

9 Competition in Financial Markets
145
10 Orthodox Economic Thought
176
11 Economic Competition
193

Other editions - View all

Common terms and phrases

About the author (2007)

James Case is a freelance writer and management consultant, with a particular interest in the application of higher mathematics, notably game theory, to economics and various other fields. He holds a PhD in mathematics from the University of Michigan.

Bibliographic information