Sale!

Game Theory and Economic Modelling 1st Edition by David Kreps ISBN 9780191521331 0191521337

Name: Game Theory and Economic Modelling 1st Edition by David Kreps ISBN 9780191521331 0191521337
SKU: EB-25254
Availability: InStock

Original price was: $50.00.Current price is: $35.00.

Authors:Kreps, David M , Series:Gaming [140] , Author sort:Kreps, David M , Languages:Languages:eng , Published:Published:Jun 2004 , Publisher:Graduate School of Business

SKU: EB-25254 Category: eBook PDF Tags: David Kreps, Economic Modelling, Game Theory

Description

Game Theory and Economic Modelling 1st Edition by David Kreps – Ebook PDF Instant Download/Delivery. 9780191521331 ,0191521337
Full download Game Theory and Economic Modelling 1st Edition after payment

Cover image: Game Theory and Economic Modelling
Product details:
ISBN 10: 0191521337
ISBN 13: 9780191521331
Author: David Kreps

Over the past two decades, academic economics has undergone a mild revolution in methodology. The language, concepts and techniques of noncooperative game theory have become central to the discipline. This book provides the reader with some basic concepts from noncooperative theory, and then goes on to explore the strengths, weaknesses, and future of the theory as a tool of economic modelling and analysis. The central theses are that noncooperative game theory has been a remarkably popular tool in economics over the past decade because it allows analysts to capture essential features of dynamic competition and competition where some parties have proprietary information. The theory is weakest in providing a sense of when it – and equilibrium analysis in particular – can be applied and what to do when equilibrium analysis is inappropriate. Many of these weaknesses can be addressed by the consideration of individuals who are boundedly rational and learn imperfectly from the past. Written in a non-technical style and working by analogy, the book, first given as part of the Clarendon Lectures in Economics, is readily accessible to a broad audience and will be of interest to economists and students alike. Knowledge of game theory is not required as the concepts are developed as the book progresses.

Game Theory and Economic Modelling 1st Edition Table of contents:

1. Introduction

2. The standard

3. Basic notions of non-cooperative game theory

Strategic form games

Extensive form games

Extensive and strategic form games

Dominance

Nash equilibrium

4. The successes of game theory

Taxonomy based on the strategic form

Dynamics and extensive form games