Economics and the theory of games

By: Vega-Redondo, Fernando
Material type: TextTextPublisher: Cambridge Cambridge University Press 2003Description: xii, 512 p.ISBN: 9780521775908Subject(s): Game theory | Economics | Equilibrium (Economics)DDC classification: 330.182 Summary: 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. https://www.cambridge.org/core/books/economics-and-the-theory-of-games/FEF8BCEB9736460CC5E5DC82AD899E51#fndtn-information
Tags from this library: No tags from this library for this title. Log in to add tags.
    Average rating: 0.0 (0 votes)
Item type Current location Item location Call number Status Date due Barcode
Books Vikram Sarabhai Library
Slot 526 (0 Floor, West Wing) 330.182 V3E2 (Browse shelf) Available 155418

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.

https://www.cambridge.org/core/books/economics-and-the-theory-of-games/FEF8BCEB9736460CC5E5DC82AD899E51#fndtn-information

There are no comments for this item.

to post a comment.

Powered by Koha