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Game Theory: A Nontechnical Introduction to the Analysis of Strategy (Fourth Edition)

Game Theory: A Nontechnical Introduction to the Analysis of Strategy (Fourth Edition)

Hardcover

EconomicsGeneral Mathematics

ISBN10: 9811262950
ISBN13: 9789811262951
Publisher: World Scientific Publishing Company
Published: Jun 21 2023
Pages: 548
Weight: 1.98
Height: 1.19 Width: 6.00 Depth: 9.00
Language: English

As with the previous editions, this fourth edition relies on teaching by example and the Karplus Learning Cycle to convey the ideas of game theory in a way that is approachable, intuitive, and interdisciplinary. Noncooperative equilibrium concepts such as Nash equilibrium, mixed strategy equilibria, and subgame perfect equilibrium are systematically introduced in the first half of the book. Bayesian Nash equilibrium is briefly introduced. The subsequent chapters discuss cooperative solutions with and without side payments, rationalizable strategies and correlated equilibria, and applications to elections, social mechanism design, and larger-scale games. New examples include panic buying, supply-chain shifts in the pandemic, and global warming.

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General Mathematics