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Games, Strategies, and Decision Making

ISBN-10: 0716766302
ISBN-13: 9780716766308
Edition: 2009
List price: $141.99 Buy it from $19.29
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Description: This text on game theory introduces and develops the key concepts with a minimum of mathematics. Students are presented with empirical evidence, anecdotes and strategic situations to help them apply theory and gain a genuine insight into human  More...

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Book details

List price: $141.99
Copyright year: 2009
Publisher: Worth Publishers, Incorporated
Publication date: 7/25/2008
Binding: Hardcover
Pages: 540
Size: 8.25" wide x 10.50" long x 0.75" tall
Weight: 2.750

This text on game theory introduces and develops the key concepts with a minimum of mathematics. Students are presented with empirical evidence, anecdotes and strategic situations to help them apply theory and gain a genuine insight into human behaviour.

Laying the Foundations
Introduction to Strategic Reasoning
Who Wants To Be a Game Theorist?
A Sampling of Strategic Situations
Whetting Your Appetite: The Game of Concentration
Psychological Profile of a Player
Preferences
Beliefs
How Do Players Differ?
Playing the Gender Pronoun Game
Building A Model of A Strategic Situation
Introduction
Extensive Form Games: Perfect Information
Baseball
Galileo Galilei and the Inquisition
Haggling at an Auto Dealership
Extensive Form Games: Imperfect Information
Mugging
U.S. Court of Appeals for the Federal Court
The Iraq War and Weapons of Mass Destruction
What is a Strategy?
Strategic Form Games
Tosca
Competition for Elected Office
The Science 84 Game
Moving from the Extensive Form and Strategic Form
Baseball
Galileo Galilei and the Inquisition
Haggling at an Auto Dealership
Going from the Strategic Form to the Extensive Form
Common Knowledge
A Few More Issues in Modeling Games
Solving Strategic form Games
Eliminating the Impossible: Solving A Game When Rationality is Common Knowledge
Introduction
Solving a Game When Players Are Rational
Strict Dominance
White Flight and Racial Segregation in Housing
Banning Cigarette Advertising on Television
Weak Dominance
Bidding at an Auction
The Proxy Bid Paradox at eBay
Solving a Game When Players Are Rational and Players Know Players Are Rational
Team-Project Game
Existence of God Game
Boxed Pigs Game
Solving a Game When Rationality is Common Knowledge
The Doping Game: Is it Rational for Athletes to Use Steroids?
Iterative Deletion of Strictly Dominated Strategies
Appendix: Strict and Weak Dominance
Appendix: Rationalizability (Advanced)
Stable Play: Nash Equilibria in Discrete Games with Two or Three Players
Defining Nash Equilibrium
Classic Two-Player Games
Prisoners' Dilemma
A Coordination Game: Driving Conventions
A Game of Coordination and Conflict: Telephone
An Out-guessing Game: Rock-Paper-Scissors
Conflict and Mutual Interest in Games
Best-Reply Method
Three-player Games
American Idol Fandom
Voting: Sincere or Devious?
Promotion and Sabotage
Foundations of Nash Equilibrium
Relationship to Rationality is Common Knowledge
The Definition of a Strategy, Revisited
Appendix: Nash Equilibrium
Stable Play: Nash Equilibria in Discrete N-Player Games
Introduction
Symmetric Games
The Sneetches
Airline Security
Operating Systems: Mac or Windows?
Applying for an Internship
Asymmetric Games
Entry into a Market
Civil Unrest
Selecting Among Nash Equilibria
Stable Play: Nash Equilibria in Continuous Games
Introduction
Solving for Nash Equilibria without Calculus
Price Competition with Identical Products
Neutralizing Price Competition with Price-Matching Guarantees
Competing for Elected Office
Solving for Nash Equilibria with Calculus (optional)
Price Competition with Differentiated Products
Tragedy of the Commons: Extinction of the Wooly Mammoth
Charitable Giving and the Power of Matching Grants
Keep 'Em Guessing: Randomized Strategies
Police Patrols and the Drug Trade
Making Decisions under Uncertainty
Probability and Expectation
Preferences over Uncertain Options
Ordinal vs. Cardinal Payoffs
Mixed Strategies and Nash Equilibrium
Back on the Beat
Some General Properties of a Nash Equilibrium in Mixed Strategies
Examples
Avranches Gap in World War II
Entry into a Market
Advanced Examples
Penalty Kick in Soccer
Slash'em Up: Friday the 13th
Bystander Effect
Games of Pure Conflict and Cautious Behavior
Appendix: Formal Description of Nash Equilibrium in Mixed Strategies
Solving Extensive Form Games
Taking Turns: Sequential Games of Perfect Information
Introduction
Backward Induction and Subgame Perfect Equilibrium
Examples
Cuban Missile Crisis
Enron and Prosecutorial Prerogative
Racial Discrimination and Sports
Waiting Games: Pre-emption and Attrition
Pre-emption
War of Attrition
Do People Reason Using Backward Induction?
Experimental Evidence and Backward Induction
A Logical Paradox with Backward Induction
Taking Turns in the Dark: Sequential Games of Imperfect Information
Introduction
Subgame Perfect Nash Equilibrium
British Intelligence
Examples
OS/2
Agenda Control in the Senate
Commitment
Entry Deterrence
Managerial Contracts and Competition: East India Trade in the 17th Century
Games of Incomplete Information
I Know Something you Don't Know: Games with Private Information
Introduction
A Game of Incomplete Information: The Munich Agreement
Bayesian Games and Bayes-Nash Equilibrium
Gunfight in the Wild West
When All Players Have Private Information: Auctions
Independent Private Values and Shading Your Bid
Common Value and the Winner's Curse
Voting on Committees and Juries
Strategic Abstention
Sequential Voting in the Jury Room
Appendix: A More Formal Definition of Bayes-Nash Equilibrium
Appendix: First Price Sealed Bid Auction with a Continuum of Types
Independent Private Values
Common Value
What you do Tells Me Who You Are: Signaling Games
Introduction
Perfect Bayes-Nash Equilibrium
Management Trainee
Examples
Lemons and the Market for Used Cars
Courtship
Brinkmanship
Appendix: Bayes' Rule and Updating Beliefs
Lies and the Lying Liars that Tell Them: Cheap Talk Games
Introduction
Communication in a Game-Theoretic World
Signaling Information
Defensive Medicine
Stock Recommendations
Signaling Intentions
Pre-play Communication in Theory
Pre-play communication in Practice
Repeated Games
Playing Forever: Repeated Interaction with Infinitely-Lived Players
Trench Warfare in World War I
Constructing a Repeated Game
Trench Warfare: Finite Horizon
Trench Warfare: Infinite Horizon
Some Experimental Evidence for the Repeated Prisoners' Dilemma
Appendix: Present Value of a Payoff Stream
Appendix: Dynamic Programming
Cooperation and Reputation: Applications of Repeated Interaction with Infinitely-Lived Players
Introduction
A Menu of Punishments
Price-Fixing
Temporary Reversion to Moderate Rates
Price Wars: Temporary Reversion to Low Rates
A More Equitable Punishment
Quid Pro Quo
U.S. Congress and Pork Barrel Spending
Vampire Bats and Reciprocal Altruism
Reputation
Lending to Kings
Henry Ford and the $5 Workday
Imperfect Monitoring and Anti-Ballistic Missiles
Interaction in Infinitely-Lived Institutions
Introduction
Cooperation with Overlapping Generations
Tribal Defense
Taking Care of Your Elderly Parents
Political Parties and Lame Duck Presidents
Cooperation in a Large Population
EBay
Medieval Law Merchant
Evolutionary Game Theory and Biology
Evolutionary Game Theory and Biology: Evolutionarily Stable Strategies
Introducing Evolutionary Game Theory
Hawk-Dove Conflict
Evolutionarily Stable Strategy
"Stayin' Alive" on a Cowpat
Properties of an ESS
Side-blotched Lizards
Multi-population Games
Parental Care
Evolution of Spite
Evolutionary Game Theory and Biology: Replicator Dynamics
Introduction
Replicator Dynamics and Hawk-Dove
General Definition of the Replicator Dynamic
ESS and Attractors of the Replicator Dynamic
Examples of Strategic Situations
Stag Hunt
Handedness in Baseball
Evolution of Cooperation

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