Skip to main content

Games

  • Living reference work entry
  • Latest version View entry history
  • First Online:
Encyclopedia of Law and Economics
  • 24 Accesses

Definition

A game is a structured interaction of at least two players. It consists of rules that set the institutional framework of possible moves. These lead to outcomes that are subject to individual preferences, which generate the incentives to play. If individual ends are incompatible, dilemmas develop, which make the underlying strategic interaction particularly visible.

Games and Science

Even before John von Neumann and Oskar Morgenstern (1944) merged mathematical and economic theory in their ground-breaking work Theory of Games and Economic Behavior, games were attracting interest in other fields. For instance, Johan Huizinga (1933) looked at games from a psychological perspective showing that they are a fundamental force and a formative element of culture as defined by philosophical anthropology. Games date back to a time before the development of humankind: Many creatures, especially primates, but also other mammals as well, show game-related behavioral patterns as an...

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Institutional subscriptions

References

  • Binmore K (1992) Fun and games. D.C. Health Company, Lexington

    Google Scholar 

  • Blum U (2020) Wirtschaftskrieg. Springer, Heidelberg

    Book  Google Scholar 

  • Blum U, Dudley L, Leibbrand F, Weiske A (2005) Angewandte Institutionenökonomik: Theorien, Modelle, Evidenz. Gabler, Wiesbaden

    Book  Google Scholar 

  • CBL (n.d.) The 36 Stratagems of Tan Daoji, http://www.cbl-international.com/docs/csu0714/the-36-stratagems.pdf

  • von Clausewitz C (1832) Vom Kriege. Dümmlers Verlag, Berlin; (2008) On War, Oxford World’s Classics, Oxford

    Google Scholar 

  • Dixit AI, Nalebuff BJ (2010) The art of strategy, a game theorists guide to success in business and life. Borton & Co, New York

    Google Scholar 

  • Erhard L (1957) Wohlstand für Alle, Econ, Düsseldorf; (1958) Prosperity through Competition, Frederick A. Praeger, New York

    Google Scholar 

  • Eucken W (1952/1962) Grundsätze der Wirtschaftspolitik. J.C.B. Mohr, Tübingen – Zürich

    Google Scholar 

  • Hardin G (1968) The tragedy of the commons. Science 162:1243–1248

    Article  Google Scholar 

  • Huizinga J (1933) Over de grenzen van spel en ernst in de kultur. Rector’s speech, Leiden

    Google Scholar 

  • Kant I (1787) Kritik der reinen Vernunft, Königsberg; (2015) Critique of Practical Reason, Cambridge Texts in the History of Philosophy, Cambridge

    Google Scholar 

  • Nash G (1950) Non-cooperative games. PhD thesis, Princeton, Mimeo

    Google Scholar 

  • Neumann J (1928) Zur Theorie der Gesellschaftsspiele. Math Ann 100:295–300

    Article  Google Scholar 

  • Neumann J, Morgenstern O (1944) Theory of games and economic behavior. Princeton University Press, Princeton

    Google Scholar 

  • Osborne M, Rubinstein A (1994) A course in game theory. The MIT-Press, Cambridge, MA

    Google Scholar 

  • Rasmusen E (2006) Games and information: an introduction to game theory. Blackwell, Oxford

    Google Scholar 

  • Schelling Th (1960/1981) The strategy of conflict. Harvard University Press, Boston

    Google Scholar 

  • Sun Zi (2003) Commented by CAO Cao et al. (, , , ). Shanghai Ancient Books Publishing House, Shanghai

    Google Scholar 

  • Sun Zi (~500 BC, 2007) The art of war. Columbia University Press, New York

    Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to Ulrich Blum .

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 2021 Springer Science+Business Media, LLC, part of Springer Nature

About this entry

Check for updates. Verify currency and authenticity via CrossMark

Cite this entry

Blum, U. (2021). Games. In: Marciano, A., Ramello, G.B. (eds) Encyclopedia of Law and Economics. Springer, New York, NY. https://doi.org/10.1007/978-1-4614-7883-6_185-2

Download citation

  • DOI: https://doi.org/10.1007/978-1-4614-7883-6_185-2

  • Received:

  • Accepted:

  • Published:

  • Publisher Name: Springer, New York, NY

  • Print ISBN: 978-1-4614-7883-6

  • Online ISBN: 978-1-4614-7883-6

  • eBook Packages: Springer Reference Economics and FinanceReference Module Humanities and Social SciencesReference Module Business, Economics and Social Sciences

Publish with us

Policies and ethics

Chapter history

  1. Latest

    Games
    Published:
    09 September 2021

    DOI: https://doi.org/10.1007/978-1-4614-7883-6_185-2

  2. Original

    Games
    Published:
    14 May 2016

    DOI: https://doi.org/10.1007/978-1-4614-7883-6_185-1