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201 pages, Kindle Edition
First published October 25, 2007


"With such a wide field of application, game theory would be a universal panacea if it could always predict how people will play the many games of which social life largely consists. But game theory isn’t able to solve all of the world’s problems, because it only works when people play games rationally. So it can’t predict the behaviour of love-sick teenagers like Romeo or Juliet, or madmen like Hitler or Stalin. However, people don’t always behave irrationally, and so it isn’t a waste of time to study what happens when people put on their thinking caps. Most of us at least try to spend our money sensibly – and we don’t do too badly much of the time or economic theory wouldn’t work at all."