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Books > Business & Economics > Economics > Microeconomics
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A Course in Stochastic Game Theory (Hardcover)
Loot Price: R2,510
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A Course in Stochastic Game Theory (Hardcover)
Series: London Mathematical Society Student Texts
Expected to ship within 12 - 19 working days
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Stochastic games have an element of chance: the state of the next
round is determined probabilistically depending upon players'
actions and the current state. Successful players need to balance
the need for short-term payoffs while ensuring future opportunities
remain high. The various techniques needed to analyze these often
highly non-trivial games are a showcase of attractive mathematics,
including methods from probability, differential equations,
algebra, and combinatorics. This book presents a course on the
theory of stochastic games going from the basics through to topics
of modern research, focusing on conceptual clarity over complete
generality. Each of its chapters introduces a new mathematical tool
- including contracting mappings, semi-algebraic sets, infinite
orbits, and Ramsey's theorem, among others - before discussing the
game-theoretic results they can be used to obtain. The author
assumes no more than a basic undergraduate curriculum and
illustrates the theory with numerous examples and exercises, with
solutions available online.
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