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Strategy and Game Theory - Practice Exercises with Answers (Paperback, Softcover reprint of the original 1st ed. 2016)
Loot Price: R2,784
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Strategy and Game Theory - Practice Exercises with Answers (Paperback, Softcover reprint of the original 1st ed. 2016)
Series: Springer Texts in Business and Economics
Expected to ship within 10 - 15 working days
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This textbook presents worked-out exercises on game theory with
detailed step-by-step explanations. While most textbooks on game
theory focus on theoretical results, this book focuses on providing
practical examples in which students can learn to systematically
apply theoretical solution concepts to different fields of
economics and business. The text initially presents games that are
required in most courses at the undergraduate level and gradually
advances to more challenging games appropriate for masters level
courses. The first six chapters cover complete-information games,
separately analyzing simultaneous-move and sequential-move games,
with applications in industrial economics, law, and regulation.
Subsequent chapters dedicate special attention to incomplete
information games, such as signaling games, cheap talk games, and
equilibrium refinements, emphasizing common steps and including
graphical illustrations to focus students' attention on the most
relevant payoff comparisons at each point of the analysis. In
addition, exercises are ranked according to their difficulty, with
a letter (A-C) next to the exercise number. This allows students to
pace their studies and instructors to structure their classes
accordingly. By providing detailed worked-out examples, this text
gives students at various levels the tools they need to apply the
tenets of game theory in many fields of business and economics.
This text is appropriate for introductory-to-intermediate courses
in game theory at the upper undergraduate and master's level.
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