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Author: David M. Kreps
Publisher: Oxford University Press
ISBN: 0198283814
Category : Mathematics
Languages : en
Pages : 204
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Book Description
Comprises lectures given at Tel Aviv University and Oxford University in 1990.
Author: David M. Kreps
Publisher: Oxford University Press
ISBN: 0198283814
Category : Mathematics
Languages : en
Pages : 204
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Book Description
Comprises lectures given at Tel Aviv University and Oxford University in 1990.
Author: George J Mailath
Publisher: World Scientific
ISBN: 9813239956
Category : Business & Economics
Languages : en
Pages : 364
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Book Description
It is impossible to understand modern economics without knowledge of the basic tools of gametheory and mechanism design. This book provides a graduate-level introduction to the economic modeling of strategic behavior. The goal is to teach Economics doctoral students the tools of game theory and mechanism design that all economists should know.
Author: David M. Kreps
Publisher:
ISBN: 9780191596568
Category : Competition
Languages : en
Pages : 188
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Book Description
The advent of noncooperative game theory over the past two decades has brought about a mild revolution in economics. This book presents an accessible, non-technical discussion of the basic concepts from noncooperative theory, and explores the strengths, weaknesses, and future of the theory as a tool for economists.
Author: Nicola Giocoli
Publisher: Edward Elgar Publishing
ISBN: 9781781956472
Category : Political Science
Languages : en
Pages : 482
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Book Description
"This book explores the evolution, through the first half of the 20th century, of the key neoclassical concept of rationality. The analysis begins with the development of modern decision theory, covers the interwar debates over the role of perfect foresight and analyzes the first game-theoretic solution concepts of von Neumann and Nash. The author's proposition is that the notion of rationality suffered a profound transformation that reduced it to a formal property of consistency. Such a transformation paralleled that of neoclassical economics as a whole from a discipline dealing with real economic processes to one investigating issues of logical consistency between mathematical relationships."
Author: Harold William Kuhn
Publisher: Princeton University Press
ISBN: 1400829151
Category : Business & Economics
Languages : en
Pages : 328
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Book Description
Classics in Game Theory assembles in one sourcebook the basic contributions to the field that followed on the publication of Theory of Games and Economic Behavior by John von Neumann and Oskar Morgenstern (Princeton, 1944). The theory of games, first given a rigorous formulation by von Neumann in a in 1928, is a subfield of mathematics and economics that models situations in which individuals compete and cooperate with each other. In the "heroic era" of research that began in the late 1940s, the foundations of the current theory were laid; it is these fundamental contributions that are collected in this volume. In the last fifteen years, game theory has become the dominant model in economic theory and has made significant contributions to political science, biology, and international security studies. The central role of game theory in economic theory was recognized by the award of the Nobel Memorial Prize in Economic Science in 1994 to the pioneering game theorists John C. Harsanyi, John Nash, and Reinhard Selten. The fundamental works for which they were honored are all included in this volume. Harold Kuhn, himself a major contributor to game theory for his reformulation of extensive games, has chosen eighteen essays that constitute the core of game theory as it exists today. Drawn from a variety of sources, they will be an invaluable tool for researchers in game theory and for a broad group of students of economics, political science, and biology.
Author: Jürgen Eichberger
Publisher: Emerald Group Publishing
ISBN: 9780122336201
Category : Business & Economics
Languages : en
Pages : 315
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Book Description
Introduces the game-theoretic approach of modelling economic behaviour and interaction, focusing on concepts and ideas from the field of game-theoretic models which find commonly used applications in economics. This book provides the reader with skills necessary to formalize economic games and to make them accessible for game theoretic analysis.
Author: Mr Michael Hatfield
Publisher: Gower Publishing, Ltd.
ISBN: 1409459403
Category : Business & Economics
Languages : en
Pages : 215
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Book Description
Architects and engineers can build models to test their ideas - why not managers? In Game Theory in Management: Modelling Business Decisions and Their Consequences, author Michael Hatfield presents a series of mathematically structured analogies to real-life business and economic interaction scenarios, and then, using modern game theory, he shows how to test common managerial technical approaches for their effectiveness. His results are astonishing: if game theory is correct then many commonly-held and taught management approaches and techniques are not only less effective than thought, they are actually detrimental in many areas where they are held to be beneficial. Game Theory in Management also examines managerial implications from network theory, cartage schemes, risk management theory, management information system epistemology, and other areas where the quantification and testing of business decisions can be employed to identify winning and losing stratagems. While the topic may seem complex, Game Theory in Management is a readable and fast-paced book; readers will come away with an entirely new perspective on the objectives, tactics, even purpose of management, and ways of evaluating the selected strategies and decisions of those within the team, inside the macro organization, and among competitors. Easily-employed tests for the validity and efficacy of management information systems are also addressed, as are those environments where cartage schemes can be most effective, and where they are not. In the areas of asset, project, and strategic management, Game Theory in Management is certain to become a game-changer.
Author: David Gale
Publisher: University of Chicago Press
ISBN: 0226278840
Category : Business & Economics
Languages : en
Pages : 353
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Book Description
Reprint of the edition of 1960. Gale (math, economics, operations research, U. of Cal. Berkeley) provides a complete and systematic treatment of the topic. Annotation copyrighted by Book News, Inc., Portland, OR
Author: Larry Samuelson
Publisher: MIT Press
ISBN: 9780262692199
Category : Business & Economics
Languages : en
Pages : 332
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Book Description
The author examines the interplay between evolutionary game theory and the equilibrium selection problem in noncooperative games. Evolutionary game theory is one of the most active and rapidly growing areas of research in economics. Unlike traditional game theory models, which assume that all players are fully rational and have complete knowledge of details of the game, evolutionary models assume that people choose their strategies through a trial-and-error learning process in which they gradually discover that some strategies work better than others. In games that are repeated many times, low-payoff strategies tend to be weeded out, and an equilibrium may emerge. Larry Samuelson has been one of the main contributors to the evolutionary game theory literature. In Evolutionary Games and Equilibrium Selection, he examines the interplay between evolutionary game theory and the equilibrium selection problem in noncooperative games. After providing an overview of the basic issues of game theory and a presentation of the basic models, the book addresses evolutionary stability, the dynamics of sample paths, the ultimatum game, drift, noise, backward and forward induction, and strict Nash equilibria.
Author: Martin J. Osborne
Publisher: Open Book Publishers
ISBN: 1805111264
Category : Business & Economics
Languages : en
Pages : 382
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Book Description
Models in Microeconomic Theory covers basic models in current microeconomic theory. Part I (Chapters 1-7) presents models of an economic agent, discussing abstract models of preferences, choice, and decision making under uncertainty, before turning to models of the consumer, the producer, and monopoly. Part II (Chapters 8-14) introduces the concept of equilibrium, beginning, unconventionally, with the models of the jungle and an economy with indivisible goods, and continuing with models of an exchange economy, equilibrium with rational expectations, and an economy with asymmetric information. Part III (Chapters 15-16) provides an introduction to game theory, covering strategic and extensive games and the concepts of Nash equilibrium and subgame perfect equilibrium. Part IV (Chapters 17-20) gives a taste of the topics of mechanism design, matching, the axiomatic analysis of economic systems, and social choice. The book focuses on the concepts of model and equilibrium. It states models and results precisely, and provides proofs for all results. It uses only elementary mathematics (with almost no calculus), although many of the proofs involve sustained logical arguments. It includes about 150 exercises. With its formal but accessible style, this textbook is designed for undergraduate students of microeconomics at intermediate and advanced levels.
