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Title: Is Game Theory Good for You?

Topic: Popularizing game theory

Author: Shreya Banerjee

Need for the book:

The popularization of game theory as a possible theoretical model on which social reactions are based has problems of its own. Trying to ascertain possible human behavior under certain situations based on the equilibria of games is not at all easy~ such predictions made by game theorists very often fall flat. The Homo economicus model for instance, that assumes that individuals always act in order to maximize their gains does not take into consideration actions based on irrationality or altruism. Efforts to look at game theory not essentially as a predictive tool for human behavior but as a suggestion of how an individual ought to behave under certain circumstances have also been far from foolproof. Trying to predict ones best response according to the model of the Nash equilibrium, for example, generally means ignoring the possibility of a non-equilibrium strategy. Also in a game like the Prisoner's Dilemma, each player trying to maximize his gain turns out to be potentially dangerous for both the players than if they had not done so.

Objectives of the book/Issues to be considered:

Can game theory be useful in any way in trying to predict human behavior of individuals during real life scenarios? Will following the game theory model during situations of crisis really bale you out of trouble? Is it possible to find a possible solution to the potential moral dilemmas thrown up game theory and still vouch for a kind of ethical progress? Does the game theory model advocate the worst kind of Social Darwinism?

Outlining the expectations and failures of game theory

Trying to chalk out the feasibility and relevance of the game theory model in everyday real life scenarios Trying to examine the ethics of the space created by the game theory model

Target audience:
Game theorists and everyone with an interest in game theory

Possible Marketing strategies:

Social media campaign (viral campaigns on facebook and twitter) Advertisements through posters, websites, etc., Competitions on the idea of game theory with free copies to be given away. A talk show session on the book with the author and other authors/experts on game theory that will include a live interaction with an audience Book launch with special discounts on the day Special discounts on bulk purchases

Designer Note

No cover photographs are required. Witty typography and sketches that bring out the idea of Applicability of Game theory in real life may be used. Light background colour, but the tone should not be sombre or dull.

Is Game Theory Good for you? Shreya Banerjee

Size: 178x110 mm Pages: 370 Genre: Science Binding: Paperback Print Runs: 1000 Photographs: No MRP: Rs. 250

The popularization of game theory as a possible theoretical model on which social reactions are based has problems of its own. Efforts to look at game theory essentially as a predictive tool for human behavior or as a suggestion of how an individual ought to behave under certain circumstances have generally been unsuccessful till date. This book examines whether the basic rules of game theory can really help you to make predictions or bale you out of trouble in real life scenarios. The book also focusses on the potential moral dilemmas thrown up by non-cooperation zero sum situations and questions if it is possible to forge out a progressive ethical space while following the basic rules of game theory.

Author Profile

Shreya Banerjee

Shreya Banerjee, 28, graduated from Presidency College in 2004 with an Honours in Mathematics. She went on to do her Masters from Delhi University and is currently doing her Ph.D. from the London School of Economics.

Banerjee is the author of the book Game theory and Psychological Hedonism (Sage Publications, 2007). The book was critically acclaimed for the interesting thesis that the probability of pleasure in non-cooperation zero sum games depends on a combination of what Banerjee calls egoistic altruism and the interactive algorithm of cooperation.

She has published academic papers like Mathematical models of conflict in Evolutionary Game theory (2009) and Structures of game theory: Algorithmic ethics and normative responses (2011) in the International Journal of Game Theory.

Dear Miss Shreya, This is with reference to our email exchange dated 15th March, 2013. I have discussed the project with my senior editor and would request you to proceed with the writing as planned. The book is tentatively scheduled to be published by June, 2014. As discussed in our email exchange, you are requested to submit 10 chapters in monthly instalment with the last chapter being submitted by February, 2014. Welcome to Screaming Fantasy and Fiction and we look forward to having a long and promising partnership with you. The terms of royalty as previously discussed will be set out in the contract, which will be mailed to you shortly. Please acknowledge the receipt of this letter.

With regards, Deeptesh Sen (Commissioning Editor, Screaming Silver Fantasy and Fiction)