Introduction to Game Theory

ISBN-10: 0195128958
ISBN-13: 9780195128956
Edition: 2004 (Reprint)
List price: $140.95 Buy it from $22.17
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Description: Game-theoretic reasoning pervades economic theory and is used widely in other social and behavioral sciences. An Introduction to Game Theory, by Martin J. Osborne, presents the main principles of game theory and shows how they can be used to  More...

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Book details

List price: $140.95
Copyright year: 2004
Publisher: Oxford University Press, Incorporated
Publication date: 8/7/2003
Binding: Hardcover
Pages: 560
Size: 7.50" wide x 9.25" long x 1.25" tall
Weight: 2.442
Language: English

Game-theoretic reasoning pervades economic theory and is used widely in other social and behavioral sciences. An Introduction to Game Theory, by Martin J. Osborne, presents the main principles of game theory and shows how they can be used to understand economic, social, political, and biological phenomena. The book introduces in an accessible manner the main ideas behind the theory rather than their mathematical expression. All concepts are defined precisely, and logical reasoning is used throughout. The book requires an understanding of basic mathematics but assumes no specific knowledge of economics, political science, or other social or behavioral sciences. Coverage includes the fundamental concepts of strategic games, extensive games with perfect information, and coalitional games; the more advanced subjects of Bayesian games and extensive games with imperfect information; and the topics of repeated games, bargaining theory, evolutionary equilibrium, rationalizability, and maxminimization. The book offers a wide variety of illustrations from the social and behavioral sciences and more than 280 exercises. Each topic features examples that highlight theoretical points and illustrations that demonstrate how the theory may be used. Explaining the key concepts of game theory as simply as possible while maintaining complete precision, An Introduction to Game Theory is ideal for undergraduate and introductory graduate courses in game theory.

Preface
Each chapter ends with notes
Introduction
What is Game Theory?
An Outline of the History of Game Theory
John von Neumann
The Theory of Rational Choice
Coming Attractions: Interacting Decision-Makers
I. Games with Perfect Information
Nash Equilibrium: Theory
Strategic Games
Example: The Prisoner's Dilemma
Example: Bach or Stravinsky?
Example: Matching Pennies
Example: The Stag Hunt
Nash Equilibrium
John F. Nash, Jr
Studying Nash Equilibrium Experimentally
Examples of Nash Equilibrium
Experimental Evidence on the Prisoner's Dilemma
Focal Points
Best Response Functions
Dominated Actions
Equilibrium in a Single Population: Symmetric Games and Symmetric Equilibria
Nash Equilibrium: Illustrations
Cournot's Model of Oligopoly
Bertrand's Model of Oligopoly
Cournot, Bertrand, and Nash: Some Historical Notes
Electoral Competition
The War of Attrition
Auctions
Auctions from Babylonia to eBay
Accident Law
Mixed Strategy Equilibrium
Introduction
Some Evidence on Expected Payoff Functions
Strategic Games in Which Players May Randomize
Mixed Strategy Nash Equilibrium
Dominated Actions
Pure Equilibria When Randomization is Allowed
Illustration: Expert Diagnosis
Equilibrium in a Single Population
Illustration: Reporting a Crime
Reporting a Crime: Social Psychology and Game Theory
The Formation of Players' Beliefs
Extension: Finding All Mixed Strategy Nash Equilibria
Extension: Games in Which Each Player Has a Continuum of Actions
Appendix: Representing Preferences by Expected Payoffs
Extensive Games with Perfect Information: Theory
Extensive Games with Perfect Information
Strategies and Outcomes
Nash Equilibrium
Subgame Perfect Equilibrium
Finding Subgame Perfect Equilibria of Finite Horizon Games: Backward Induction
Ticktacktoe, Chess, and Related Games
Extensive Games With Perfect Information: Illustrations
The Ultimatum Game, the Holdup Game, and Agenda Control
Experiments on the Ultimatum Game
Stackelberg's Model of Duopoly
Buying Votes
A Race
Extensive Games With Perfect Information: Extensions and Discussion
Allowing for Simultaneous Moves
More Experimental Evidence on Subgame Perfect Equilibrium
Illustration: Entry into a Monopolized Industry
Illustration: Electoral Competition with Strategic Voters
Illustration: Committee Decision-Making
Illustration: Exit from a Declining Industry
Allowing for Exogenous Uncertainty
Discussion: Subgame Perfect Equilibrium and Backward Induction
Experimental Evidence on the Centipede Game
Coalitional Games and the Core
Coalitional Games
The Core
Illustration: Ownership and the Distribution of Wealth
Illustration: Exchanging Homogeneous Horses
Illustration: Exchanging Heterogeneous Houses
Illustration

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