"Theory of Games and Economic Behavior"

"Game of Theory and Economic Behavior" is a foundational book by John von Neumann and Oskar Morgenstern that introduces game theory— a way to analyze strategic interactions where the outcome depends on the choices of all involved. It provides a mathematical framework for understanding how individuals or groups make decisions, considering their goals and possible reactions of others. The theory helps explain competitive and cooperative scenarios in economics, politics, and social situations, revealing how rational decisions are made when interests collide or align. Essentially, it models strategic behavior to predict and influence economic and social outcomes.