English [en] · Spanish [es] · MOBI · 1.4MB · 2007 · 📘 Book (non-fiction) · 🚀/lgli/zlib · Save
description
This textbook offers a systematic, self-contained account of the main contributions of modern game theory and its applications to economics. Starting with a detailed description of how to model strategic situations, the discussion proceeds by studying basic solution concepts, their main refinements, games played under incomplete information, and repeated games. For each of these theoretical developments, there is a companion set of applications that cover the most representative instances of game-theoretic analysis in economics, e.g. oligopolistic competition, public goods, coordination failures, bargaining, insurance markets, implementation theory, signaling and auctions. The theory and applications covered in the first part of the book fall under the so-called 'classical' approach to game theory, which is founded on the paradigm of players' unlimited rationality. The second part shifts towards topics that no longer abide by that paradigm. This leads to the study of topics such as the interplay between evolution and rationality.
Alternative author
Vega-Redondo, Fernando
Alternative author
Fernando Vega Redondo
Alternative edition
Cambridge University Press, Cambridge, UK, 2003
Alternative edition
United Kingdom and Ireland, United Kingdom
Alternative edition
Cambridge UK ; New York, 2003
Alternative edition
July 28, 2003
Alternative description
This textbook offers a systematic, self-contained account of the main contributions of modern game theory and its applications to economics. Starting with a detailed description of how to model strategic situations, the discussion proceeds by studying basic solution concepts, their main refinements, games played under incomplete information, and repeated games. For each of these theoretical developments, there is a companion set of applications that cover the most representative instances of game-theoretic analysis in economics, e.g., oligopolistic competition, public goods, coordination failures, bargaining, insurance markets, implementation theory, signaling, and auctions. The theory and applications covered in the first part of the book fall under the socalled classical approach to game theory, which is founded on the paradigm of players' unlimited rationality. The second part shifts toward topics that no longer abide by that paradigm. This leads to the study of important topics such as the interplay between evolution and rationality, the behavioral dynamics induced by social learning, and how players might tackle the problem of multiple equilibria.
Alternative description
In ordinary language, we speak of a "game" as a (generally amusing) process of interaction that involves a given population of individuals, is subject to some fixed rules, and has a prespecified collection of payoffs associated to every possible outcome.
Alternative description
<p>this Textbook Is Designed For Students In Economics Seeking A Self-contained Approach To Game Theory.</p>
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