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Game theory and exercises

Author: Gisèle Umbhauer
Publisher: London ; New York : Routledge, Taylor & Francis Group, 2016.
Series: Routledge advanced texts in economics and finance, 28.
Edition/Format:   Print book : EnglishView all editions and formats
Summary:
Game Theory and Exercises introduces the main concepts of game theory, along with interactive exercises to aid readers' learning and understanding. Game theory is used to help players understand decision-making, risk-taking and strategy and the impact that the choices they make have on other players; and how the choices of those players, in turn, influence their own behaviour. So, it is not surprising that game  Read more...
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Details

Additional Physical Format: ebook version :
Document Type: Book
All Authors / Contributors: Gisèle Umbhauer
ISBN: 9780415604215 0415604214 9780415604222 0415604222
OCLC Number: 785869229
Description: xix, 442 pages : illustrations ; 25 cm.
Contents: How to build a game --
Dominance --
Nash equilibrium --
Backward induction and repeated games --
Trembles in a game --
Solving a game differently --
Answers to exercises.
Series Title: Routledge advanced texts in economics and finance, 28.
Responsibility: Gisèle Umbhauer.

Abstract:

Game Theory and Exercises introduces the main concepts of game theory, along with interactive exercises to aid readers' learning and understanding. Game theory is used to help players understand decision-making, risk-taking and strategy and the impact that the choices they make have on other players; and how the choices of those players, in turn, influence their own behaviour. So, it is not surprising that game theory is used in politics, economics, law and management. This book covers classic topics of game theory including dominance, Nash equilibrium, backward induction, repeated games, perturbed strategie s, beliefs, perfect equilibrium, Perfect Bayesian equilibrium and replicator dynamics. It also covers recent topics in game theory such as level-k reasoning, best reply matching, regret minimization and quantal responses. This textbook provides many economic applications, namely on auctions and negotiations. It studies original games that are not usually found in other textbooks, including Nim games and traveller's dilemma. The many exercises and the inserts for students throughout the chapters aid the reader's understanding of the concepts.--
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