Game Theory

Author: Drew Fudenberg
Publisher: MIT Press
ISBN: 0262061414
Release Date: 1991
Genre: Business & Economics

This advanced text introduces the principles of noncooperative game theory -including strategic form games, Nash equilibria, subgame perfection, repeated games, and games ofincomplete information - in a direct and uncomplicated style that will acquaint students with thebroad spectrum of the field while highlighting and explaining what they need to know at any givenpoint. The analytic material is accompanied by many applications, examples, and exercises.The theoryof noncooperative games studies the behavior of agents in any situation where each agent's optimalchoice may depend on a forecast of the opponents' choices. "Noncooperative" refers to choices thatare based on the participant's perceived selfinterest. Although game theory has been applied to manyfields, Fudenberg and Tirole focus on the kinds of game theory that have been most useful in thestudy of economic problems. They also include some applications to political science. The fourteenchapters are grouped in parts that cover static games of complete information, dynamic games ofcomplete information, static games of incomplete information, dynamic games of incompleteinformation, and advanced topics.Drew Fudenberg and Jean Tirole are Professors of Economics atMIT.

Game Theory and the Social Contract Just playing

Author: K. G. Binmore
Publisher: MIT Press
ISBN: 0262024446
Release Date: 1998
Genre: Mathematics

In this second volume the author unveils his own controversial theory, which abandons the metaphysics of Immanuel Kant for the naturalistic approach to mortality of David Hume. According to this viewpoint, a fairness norm is a convention that evolved to co-ordinate behaviour on an equalibrium of a society's Game of Life. This approach allows the author to mount an evolutionary defence of Rawls' original position that escapes the utilitarian conclusions that follow when orthodox reasoning is applied with the traditional assumptions. Using ideas borrowed from the theory of bargaining and repeat games, the author is led instead to a form of egalitarianism that vindicates the intuitions that led Rawls to write his "Theory of Justice". Written for an interdisciplinary audience, the book aims to offer a panoramic tour through a range of insights that game theory brings to anthropology, biology, economics, philosophy and psychology.

Industrie konomik

Author: Jean Tirole
Publisher: Walter de Gruyter GmbH & Co KG
ISBN: 9783486800227
Release Date: 1999-01-01
Genre: Business & Economics

Das Standard-Lehrbuch in diesem Bereich. Beginnend mit einer klaren und ausführlichen Darstellung des mikroökonomischen Theorie werden die verschiedenen für die Industrieökonomik relevanten Themenbereiche erarbeitet. Dabei nimmt auch die Darstellung von Markt-Unvollkommenheiten einen breiten Raum ein. Viele der Theorien werden mit Hilfe der Spieltheorie erläutert.

Evolutionary Game Theory

Author: Jörgen W. Weibull
Publisher: MIT Press
ISBN: 0262731215
Release Date: 1997
Genre: Mathematics

This text introduces current evolutionary game theory -- where ideas from evolutionary biology and rationalistic economics meet -- emphasizing the links between static and dynamic approaches and noncooperative game theory. Much of the text is devoted to the key concepts of evolutionary stability and replicator dynamics. The former highlights the role of mutations and the latter the mechanisms of selection. Moreover, set-valued static and dynamic stability concepts, as well as processes of social evolution, are discussed. Separate background chapters are devoted to noncooperative game theory and the theory of ordinary differential equations. There are examples throughout as well as individual chapter summaries. Because evolutionary game theory is a fast-moving field that is itself branching out and rapidly evolving, Jörgen Weibull has judiciously focused on clarifying and explaining core elements of the theory in an up-to-date, comprehensive, and self-contained treatment. The result is a text for second-year graduate students in economic theory, other social sciences, and evolutionary biology. The book goes beyond filling the gap between texts by Maynard-Smith and Hofbauer and Sigmund that are currently being used in the field. Evolutionary Game Theory will also serve as an introduction for those embarking on research in this area as well as a reference for those already familiar with the field. Weibull provides an overview of the developments that have taken place in this branch of game theory, discusses the mathematical tools needed to understand the area, describes both the motivation and intuition for the concepts involved, and explains why and how it is relevant to economics.

Strategies and Games

Author: Prajit K. Dutta
Publisher: MIT Press
ISBN: 0262041693
Release Date: 1999
Genre: Mathematics

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.

A Course in Game Theory

Author: Martin J. Osborne
Publisher: MIT Press
ISBN: 9780262650403
Release Date: 1994-07-12
Genre: Business & Economics

Presents the main ideas of game theory at a level suitable for graduate students and advanced undergraduates, emphasizing the theory's foundations and interpretations of its basic concepts.

Frontiers of Game Theory

Author: K. G. Binmore
Publisher: MIT Press
ISBN: 0262023563
Release Date: 1993
Genre: Business & Economics

seventeen contributions reflecting the many diverse approaches in the field today

Game Theory in the Social Sciences

Author: Luca Lambertini
Publisher: Taylor & Francis
ISBN: 9781136737602
Release Date: 2011-03-31
Genre: Business & Economics

Individuals, firms, governments and nations behave strategically, for good and bad. Over the last few decades, game theory has been constructed and progressively refined to become the major tool used by social scientists to understand, predict and regulate strategic interaction among agents who often have conflicting interests. In the surprisingly anodyne jargon of the theory, they ‘play games’. This book offers an introduction to the basic tools of game theory and an overview of a number of applications to real-world cases, covering the areas of economics, politics and international relations. Each chapter is accompanied by some suggestions about further reading.

Game Theory in the Social Sciences

Author: Martin Shubik
Publisher: MIT Press (MA)
ISBN: STANFORD:36105001913982
Release Date: 1982
Genre: Game theory

This book by a recognized authority on game theory and its applications introduces social scientists in a variety of disciplines to this powerful methodology.

Game Theory for Wireless Communications and Networking

Author: Yan Zhang
Publisher: CRC Press
ISBN: 9781466509221
Release Date: 2011-06-21
Genre: Computers

Used to explain complicated economic behavior for decades, game theory is quickly becoming a tool of choice for those serious about optimizing next generation wireless systems. Illustrating how game theory can effectively address a wide range of issues that until now remained unresolved, Game Theory for Wireless Communications and Networking provides a systematic introduction to the application of this powerful and dynamic tool. This comprehensive technical guide explains game theory basics, architectures, protocols, security, models, open research issues, and cutting-edge advances and applications. It describes how to employ game theory in infrastructure-based wireless networks and multihop networks to reduce power consumption—while improving system capacity, decreasing packet loss, and enhancing network resilience. Providing for complete cross-referencing, the text is organized into four parts: Fundamentals—introduces the fundamental issues and solutions in applying different games in different wireless domains, including wireless sensor networks, vehicular networks, and OFDM-based wireless systems Power Control Games—considers issues and solutions in power control games Economic Approaches—reviews applications of different economic approaches, including bargaining and auction-based approaches Resource Management—explores how to use the game theoretic approach to address radio resource management issues The book explains how to apply the game theoretic model to address specific issues, including resource allocation, congestion control, attacks, routing, energy management, packet forwarding, and MAC. Facilitating quick and easy reference to related optimization and algorithm methodologies, it supplies you with the background and tools required to use game theory to drive the improvement and development of next generation wireless systems.

Decision and Game Theory for Security

Author: John S. Baras
Publisher: Springer Science & Business Media
ISBN: 9783642252792
Release Date: 2011-11-02
Genre: Computers

This book constitutes the refereed proceedings of the Second International Conference on Decision and Game Theory for Security, GameSec 2011, held in College Park, Maryland, USA, in November 2011. The 16 revised full papers and 2 plenary keynotes presented were carefully reviewed and selected from numerous submissions. The papers are organized in topical sections on attacks, adversaries, and game theory, wireless adhoc and sensor networks, network games, security insurance, security and trust in social networks and security investments.

Handbook of Game Theory

Author: Petyon Young
Publisher: Elsevier
ISBN: 9780444537676
Release Date: 2014-10-01
Genre: Mathematics

The ability to understand and predict behavior in strategic situations, in which an individual’s success in making choices depends on the choices of others, has been the domain of game theory since the 1950s. Developing the theories at the heart of game theory has resulted in 8 Nobel Prizes and insights that researchers in many fields continue to develop. In Volume 4, top scholars synthesize and analyze mainstream scholarship on games and economic behavior, providing an updated account of developments in game theory since the 2002 publication of Volume 3, which only covers work through the mid 1990s. Focuses on innovation in games and economic behavior Presents coherent summaries of subjects in game theory Makes details about game theory accessible to scholars in fields outside economics

Collected Papers

Author: Robert J. Aumann
Publisher: MIT Press
ISBN: 0262011549
Release Date: 2000
Genre: Business & Economics

Robert Aumann's groundbreaking career in game theory has spanned over 35 years. These two volumes provide convenient access to all of his major research--from his doctoral dissertation in 1956 to papers as recent as January 1995. Threaded through all of Aumann's work (symbolized in his thesis on knots) is the study of relationships between different ideas, between different phenomena, and between ideas and phenomena. "When you look closely at one scientific idea," writes Aumann, "you find it hitched to all others. It is these hitches that I have tried to study."The papers are organized in several categories: general, knot theory, decision theory (utility and subjective probability), strategic games, coalitional games, and mathematical methods. Aumann has written an introduction to each of these groups that briefly describes the content and background of each paper, including the motivation and the research process, and relates it to other work in the collection and to work by others. There is also a citation index that allows readers to trace the considerable body of literature which cites Aumann's own work.

The Theory of Learning in Games

Author: Drew Fudenberg
Publisher: MIT Press
ISBN: 0262061945
Release Date: 1998
Genre: Business & Economics

This work explains that equilibrium is the long-run outcome of a process in which non-fully rational players search for optimality over time. The models they e×plore provide a foundation for equilibrium theory and suggest ways for economists to evaluate and modify traditional equilibrium concepts.