December 2014
Beginner
352 pages
14h 24m
English
Content preview from The Economics Book
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IN CONTEXT
FOCUS
Decision making
KEY THINKER
Robert Axelrod (1953–)
BEFORE
1859 British biologist Charles Darwin publishes On the Origin of Species, arguing that the best-adapted species are those most likely to survive.
1971 US biologist Robert Trivers publishes The Evolution of Reciprocal Altruism, which shows how altruism and cooperation can benefit individuals.
AFTER
1986 US economists Drew Fudenberg and Eric Maskin explore cooperation strategies for repeated games.
1994 British economist Kenneth Binmore publishes Playing Fair, using game theory to explore the development of morality.
In 1984, US economist Robert Axelrod wrote The Evolution of Cooperation ...
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