Strategies and Games, second edition by Prajit K Dutta

Strategies and Games, second edition by Prajit K Dutta

The new edition of a widely used introduction to game theory and its applications, with a focus on economics, business, and politics.

This widely used introduction to game theory is rigorous but accessible, unique in its balance between the theoretical and the practical, with examples and applications following almost every theory-driven chapter. In recent years, game theory has become an important methodological tool for all fields of social sciences, biology and computer science. This second edition of Strategies and Games not only takes into account new game theoretical concepts and applications such as bargaining and matching, it also provides an array of chapters on game theory applied to the political arena. New examples, case studies, and applications relevant to a wide range of behavioral disciplines are now included. The authors map out alternate pathways through the book for instructors in economics, business, and political science.

The book contains four parts- strategic form games, extensive form games, asymmetric information games, and cooperative games and matching. Theoretical topics include dominance solutions, Nash equilibrium, Condorcet paradox, backward induction, subgame perfection, repeated and dynamic games, Bayes-Nash equilibrium, mechanism design, auction theory, signaling, the Shapley value, and stable matchings. Applications and case studies include OPEC, voting, poison pills, Treasury auctions, trade agreements, pork-barrel spending, climate change, bargaining and audience costs, markets for lemons, and school choice. Each chapter includes concept checks and tallies end-of-chapter problems. An appendix offers a thorough discussion of single-agent decision theory, which underpins game theory.

Dutta, Prajit K.: - Prajit Dutta is Professor in the Department of Economics at Columbia University.

SKU	Unavailable
ISBN 13	9780262046527
ISBN 10	0262046520
Title	Strategies and Games, second edition
Author	Prajit K Dutta
Condition	Unavailable
Binding Type	Hardback
Publisher	MIT Press Ltd
Year published	2022-08-09
Number of pages	648
Cover note	Book picture is for illustrative purposes only, actual binding, cover or edition may vary.