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Game Theory in Economics, Origins of

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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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Leonard, R. (2018). Game Theory in Economics, Origins of. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_1922

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