Theory of Games and Economic Behaviour – EBOOK

First published in 1944, Theory of Games and Economic Behavior is the groundbreaking text by mathematician John von Neumann and economist Oskar Morgenstern which founded the interdisciplinary research field of game theory. Widely considered to be the classic work upon which modern-day game theory is based. The book is based on prior research by von Neumann, published in 1928 under the German title “Zur Theorie der Gesellschaftsspiele” (“On the Theory of Parlor Games”).

Axiomatic expected utility was derived in an appendix to the Second Edition (1947). In this extension Von Neumann and Morgenstern supposed that all the agents had the same probability distribution, an objective measure, but they also posited that a theory of subjective probability could be provided, a task that completed by Johann Pfanzagl in 1967.

Now in the Public Domain

You can download the book here.

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