A Primer in Game Theory

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Strategic thinking for real-world economic decisions

This is a great pick if you want game theory to feel useful rather than abstract. Gibbons is known for making strategic interaction click through economic examples, so you can see how the ideas apply to firms, workers, and even countries. Readers often like how it teaches not just the theory, but how to turn messy real situations into models you can actually think with.

Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.

A Primer in Game Theory

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Compare to estimated retail price: S$50.00  
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ISBN: 9780745011592
Authors: Robert Gibbons
Publisher: Prentice Hall
Date of Publication: 1992-01-01
Format: Paperback
Related Collections: Economics, Business, Science
Related Topics: Mathematics, Psychology
Goodreads rating: 3.89
(rated by 335 readers)

Description

Game theory has revolutionized economics research and teaching during the past two decades. There are few undergraduate or graduate courses in which it does not form a core component. Game theory is the study of multi-decision problems and such problems occur frequently in economics. Industrial organization provides many examples where firms must consider the reactions of others. But there are many other areas in which it is applicable - from individual workers vying for promotion to countries competing or colluding to choose trade policies. Bob Gibbons provides an introduction to the branches of game theory that have been widely applied in economics. He emphasizes the applications as much as the pure theory. This not only helps to teach the theory, but also illustrates the process of model building - the process of translating an informal description of a multi-person decision situation into a formal, game theoretic problem to be analyzed. The approach aims to serve as both an introduction to those who will go on to specialize as pure game-theorists. It also introduces game theory to those who will later construct (or at least use) game-theoretic models in applied fields of economics.
 

Strategic thinking for real-world economic decisions

This is a great pick if you want game theory to feel useful rather than abstract. Gibbons is known for making strategic interaction click through economic examples, so you can see how the ideas apply to firms, workers, and even countries. Readers often like how it teaches not just the theory, but how to turn messy real situations into models you can actually think with.

Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.