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Learning from Schelling's Strategy of Conflict

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  • Roger B. Myerson

Abstract

Thomas Schelling's Strategy of Conflict is a masterpiece that should be recognized as one of the most important and influential books in social theory. This paper reviews some of the important ideas in Strategy of Conflict and considers some of the broader impact that this book has had on game theory, economics, and social theory. By his emphasis on the critical importance of information and commitment in strategic dynamics, Schelling played a vital role in stimulating the development of noncooperative game theory. More broadly, Schelling's analysis of games with multiple equilibria has redefined the scope of economics and its place in the social sciences. (JEL D74, F51, H56)

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File URL: http://www.aeaweb.org/articles.php?doi=10.1257/jel.47.4.1109
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Bibliographic Info

Article provided by American Economic Association in its journal Journal of Economic Literature.

Volume (Year): 47 (2009)
Issue (Month): 4 (December)
Pages: 1109-25

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Handle: RePEc:aea:jeclit:v:47:y:2009:i:4:p:1109-25

Note: DOI: 10.1257/jel.47.4.1109
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  1. Aumann, Robert J., 1974. "Subjectivity and correlation in randomized strategies," Journal of Mathematical Economics, Elsevier, vol. 1(1), pages 67-96, March.
  2. Avinash Dixit, 2006. "Thomas Schelling's Contributions to Game Theory," Scandinavian Journal of Economics, Wiley Blackwell, vol. 108(2), pages 213-229, 07.
  3. R. Myerson., 2010. "Nash Equilibrium and the History of Economic Theory," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 6.
  4. John C. Harsanyi & Reinhard Selten, 1988. "A General Theory of Equilibrium Selection in Games," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262582384, January.
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