Competition: The Birth of a New Science

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Farrar, Straus and Giroux, Jun 24, 2008 - Mathematics - 368 pages
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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.

 

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Contents

Title Page
The Art and Science of Competition
Tree Games and Backward
Models and Paradigms
TwoSided Competition
ManySided Competition
Competition in the Wild
Auctions
Economic Competition
CHAPTER12 Evidence Pro and
Free Trade
Heterodox Economic Thought
Spontaneous Cooperation
Imperfect Competition
Policy Implications
Epilogue

Competition in Financial Markets
Orthodox Economic Thought

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About the author (2008)

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.

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