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Game Theory and Economic Modelling David M. Kreps

Game Theory and Economic Modelling By David M. Kreps

Game Theory and Economic Modelling by David M. Kreps


$184.99
Condition - Very Good
Only 1 left

Summary

Looking at why game theory has become such a popular tool of analysis in economics, this study examines the deficiencies in this methodology and goes on to consider whether its popularity will fade or whether it will remain an important tool for economists.

Game Theory and Economic Modelling Summary

Game Theory and Economic Modelling by David M. Kreps

Over the past two decades, academic economics has undergone a mild revolution in methodology. The language, concepts and techniques of non-cooperative game theory have become central to the discipline. This book looks at why game theory has become such a popular tool of analysis. It examines the deficiencies in this methodology and goes on to consider whether its popularity will fade or whether it will remain an important tool for economists.

Table of Contents

The standard; Basic notions of non-cooperative game theory: Strategic form games; Extensive form games; Extensive and strategic form games; Dominance; Nash equilibrium; The successes of game theory: Taxonomy based on the strategic form; Dynamics and extensive form games; Incredble threats and incredible promises; Credible threats and promises: co-operation and reputation; The importance of what players know about others; The problems of game theory: Bilateral bargaining and precise protocols; Too many equilibria and no way to choose; choosing among equilibria with refinements; The rules of the game; Bounded rationality and retrospection.

Additional information

GOR007101409
9780198283577
0198283571
Game Theory and Economic Modelling by David M. Kreps
Used - Very Good
Hardback
Oxford University Press
19901001
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a used book - there is no escaping the fact it has been read by someone else and it will show signs of wear and previous use. Overall we expect it to be in very good condition, but if you are not entirely satisfied please get in touch with us

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