Game theory has been growing in popularity since the mid-1980s. The purpose of this text is to help students set up and solve business and economic problems through a unique, game theory approach. Prerequisites for the text are introductory microeconomics, finite maths and calculus.
Designed for the serious reader, this book teaches strategy through the use of game theory. The focus is on setting up and solving games, especially those that arise in economics and business. Develops modeling skills as well as the ability to implement a certain format, the form of the game, by using proven applications and examples of setups. Contains an analogous framework of necessary condition (equilibrium) and sufficient conditions such as undominated strategies, symmetry and subgame perfection to motivate solutions. Features a variety of examples ranging from the Bible to Wall Street.
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Description: An easy-to-read, and enjoyable introduction to game theory! This clearly written book shows readers how to set up and solve games, particulaly those in economics and business, using game theory. Gardener's innovative approach helps readers develop strong modeling skills by using proven applications and examples of setups. The book also features a variety of examples, including many from business, politics, economics, and history.
Table of Contents
Basic Game Theory: An Introduction to Games and Their Theory; 2-Person Games; n-Person Games; Noncooperative Market Games in Normal Form; Mixed Strategies and Mixed Strategy Equilibrium; Games with Sequential Structure: Credibility and Subgame Perfect Equilibrium; Repeated Games; Evolutionary Stability and Bounded Rationality; Games with Imperfect Information: Signalling Games and Sequential Equilibrium; Games Between a Principal and an Agent; Auctions; 2-Person Bargains; Arbitration; n-Person Bargaining and the Core; Games, Markets and Politics: 2-Sided Markets and Matching Games; Voting Games.
Games for Business and Economics by Roy Gardner
Used - Very Good
John Wiley and Sons Ltd
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.