game theory in economics, origins of

Robert Leonard
From The New Palgrave Dictionary of Economics, Second Edition, 2008
Edited by Steven N. Durlauf and Lawrence E. Blume
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Abstract

Game theory entered economics with the publication in 1944 of the Theory of Games and Economic Behavior by John von Neumann and Oskar Morgenstern. The authors were, respectively, a Hungarian mathematician and an Austrian economist. Paying attention to the scientific and cultural context, this article discusses the creation, content and impact of that work.
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How to cite this article

Leonard, Robert. "game theory in economics, origins of." The New Palgrave Dictionary of Economics. Second Edition. Eds. Steven N. Durlauf and Lawrence E. Blume. Palgrave Macmillan, 2008. The New Palgrave Dictionary of Economics Online. Palgrave Macmillan. 23 October 2014 <http://www.dictionaryofeconomics.com/article?id=pde2008_G000193> doi:10.1057/9780230226203.0617

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