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Strategies and Games - Theory and Practice (Hardcover, New)
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Strategies and Games - Theory and Practice (Hardcover, New)
Series: The MIT Press
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Game theory has become increasingly popular among undergraduate
aswell as business school students. This text is the first to
provideboth a complete theoretical treatment of the subject and a
variety ofreal-world applications, primarily in economics, but also
in business,political science, and the law. Game theory has become
increasingly popular among undergraduate as well as business school
students. This text is the first to provide both a complete
theoretical treatment of the subject and a variety of real-world
applications, primarily in economics, but also in business,
political science, and the law. Strategies and Games grew out of
Prajit Dutta's experience teaching a course in game theory over the
last six years at Columbia University.The book is divided into
three parts: Strategic Form Games and Their Applications, Extensive
Form Games and Their Applications, and Asymmetric Information Games
and Their Applications. The theoretical topics include dominance
solutions, Nash equilibrium, backward induction, subgame perfect
equilibrium, repeated games, dynamic games, Bayes-Nash equilibrium,
mechanism design, auction theory, and signaling. An appendix
presents a thorough discussion of single-agent decision theory, as
well as the optimization and probability theory required for the
course.Every chapter that introduces a new theoretical concept
opens with examples and ends with a case study. Case studies
include Global Warming and the Internet, Poison Pills, Treasury
Bill Auctions, and Final Jeopardy. Each part of the book also
contains several chapter-length applications including Bankruptcy
Law, the NASDAQ market, OPEC, and the Commons problem. This is also
the first text to provide a detailed analysis of dynamic strategic
interaction.
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