BOOKS - SCIENCE AND STUDY - Game Theory A Nontechnical Introduction to the Analysis o...
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812305
812305
Game Theory A Nontechnical Introduction to the Analysis of Strategy, 4th Edition
Author: Roger A McCain
Year: 2023
Number of pages: 548
Format: PDF
File size: 11.8 MB
Language: ENG
Year: 2023
Number of pages: 548
Format: PDF
File size: 11.8 MB
Language: ENG
As with the previous editions, this fourth edition relies on teaching by example and the Karplus Learning Cycle to convey the ideas of game theory in a way that is approachable, intuitive, and interdisciplinary. Noncooperative equilibrium concepts such as Nash equilibrium, mixed strategy equilibria, and subgame perfect equilibrium are systematically introduced in the first half of the book. Bayesian Nash equilibrium is briefly introduced. The subsequent chapters discuss cooperative solutions with and without side payments, rationalizable strategies and correlated equilibria, and applications to elections, social mechanism design, and larger-scale games. New examples include panic buying, supply-chain shifts in the pandemic, and global warming.