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Game Theory For Applied Economists

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Author by : Robert Gibbons
Languange Used : en
Release Date : 1992-07-13
Publisher by : Princeton University Press

ISBN : 9781400835881

An introduction to one of the most powerful tools in modern economics Game Theory for Applied Economists introduces one of the most powerful tools of modern economics to a wide audience: those who will later construct or consume game-theoretic models. Robert Gibbons addresses scholars in applied fields within economics who want a serious and thorough discussion of game theory but who may have found other works too abstract. Gibbons emphasizes the economic applications of the theory at least as much as the pure theory itself; formal arguments about abstract games play a minor role. The applications illustrate the process of model building—of translating an informal description of a multi-person decision situation into a formal game-theoretic problem to be analyzed. Also, the variety of applications shows that similar issues arise in different areas of economics, and that the same game-theoretic tools can be applied in each setting. In order to emphasize the broad potential scope of the theory, conventional applications from industrial organization have been largely replaced by applications from labor, macro, and other applied fields in economics. The book covers four classes of games, and four corresponding notions of equilibrium: static games of complete information and Nash equilibrium, dynamic games of complete information and subgame-perfect Nash equilibrium, static games of incomplete information and Bayesian Nash equilibrium, and dynamic games of incomplete information and perfect Bayesian equilibrium....

Game Theory For Applied Economists

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Author by :
Languange Used : en
Release Date : 2010
Publisher by :

ISBN : OCLC:741250611

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Game Theory In International Economics

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Author by : J. McMillan
Languange Used : en
Release Date : 2013-06-17
Publisher by : Taylor & Francis

ISBN : 9781136454370

This book gives an early demonstration of applications of game theory to international economics - applications that were to transform this area during the 1990s....

Studyguide For Game Theory For Applied Economists By Gibbons Robert Isbn 9780691003955

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Author by : Cram101 Textbook Reviews
Languange Used : en
Release Date : 2011-05
Publisher by : Cram101

ISBN : 1618126792

Never HIGHLIGHT a Book Again! Virtually all of the testable terms, concepts, persons, places, and events from the textbook are included. Cram101 Just the FACTS101 studyguides give all of the outlines, highlights, notes, and quizzes for your textbook with optional online comprehensive practice tests. Only Cram101 is Textbook Specific. Accompanys: 9780691003955 ....

Game Theory In International Economics

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Author by : John McMillan
Languange Used : en
Release Date : 1986
Publisher by : Chur, Switzerland : Harwood Academic Publishers

ISBN : UCSD:31822004978599

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Game Theory For Economic Analysis

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Author by : Tatsuro Ichiishi
Languange Used : en
Release Date : 2014-06-28
Publisher by : Elsevier

ISBN : 9781483295060

Game Theory for Economic Analysis...

Game Theory For Economists

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Author by : Jürgen Eichberger
Languange Used : en
Release Date : 1993
Publisher by : Emerald Group Publishing

ISBN : 0122336208

Introduces the game-theoretic approach of modelling economic behaviour and interaction, focusing on concepts and ideas from the field of game-theoretic models which find commonly used applications in economics. This book provides the reader with skills necessary to formalize economic games and to make them accessible for game theoretic analysis....

Classics In Game Theory

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Author by : Harold William Kuhn
Languange Used : en
Release Date : 2020-11-10
Publisher by : Princeton University Press

ISBN : 9781400829156

Classics in Game Theory assembles in one sourcebook the basic contributions to the field that followed on the publication of Theory of Games and Economic Behavior by John von Neumann and Oskar Morgenstern (Princeton, 1944). The theory of games, first given a rigorous formulation by von Neumann in a in 1928, is a subfield of mathematics and economics that models situations in which individuals compete and cooperate with each other. In the "heroic era" of research that began in the late 1940s, the foundations of the current theory were laid; it is these fundamental contributions that are collected in this volume. In the last fifteen years, game theory has become the dominant model in economic theory and has made significant contributions to political science, biology, and international security studies. The central role of game theory in economic theory was recognized by the award of the Nobel Memorial Prize in Economic Science in 1994 to the pioneering game theorists John C. Harsanyi, John Nash, and Reinhard Selten. The fundamental works for which they were honored are all included in this volume. Harold Kuhn, himself a major contributor to game theory for his reformulation of extensive games, has chosen eighteen essays that constitute the core of game theory as it exists today. Drawn from a variety of sources, they will be an invaluable tool for researchers in game theory and for a broad group of students of economics, political science, and biology....

Game Theory And Economic Behaviour

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Author by : Reinhard Selten (Economist, Germany)
Languange Used : en
Release Date : 1999-03-24
Publisher by : Edward Elgar Publishing

ISBN : 1781008299

'These two volumes constitute an impressive collection of selected path-breaking works of Professor Selten. . . . Edward Elgar Publications deserve merit for bringing out most frequently-cited and prominent articles of Professor Selten in a conveniently available package.' - K. Ravikumar, Journal of Scientific and Industrial Research In 1994, the Nobel Prize was awarded to Reinhard Selten, John Nash and John Harsanyi, for pioneering analysis in game theory. Selten was the first to refine the Nash equilibrium concept of non-cooperative games for analysing dynamic strategic interaction and to apply these concepts to analyses of oligopoly....

Game Theory And Business Applications

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Author by : Kalyan Chatterjee
Languange Used : en
Release Date : 2013-06-26
Publisher by : Springer Science & Business Media

ISBN : 9781461470953

Game theory has been applied to a growing list of practical problems, from antitrust analysis to monetary policy; from the design of auction institutions to the structuring of incentives within firms; from patent races to dispute resolution. The purpose of Game Theory and Business Applications is to show how game theory can be used to model and analyze business decisions. The contents of this revised edition contain a wide variety of business functions – from accounting to operations, from marketing to strategy to organizational design. In addition, specific application areas include market competition, law and economics, bargaining and dispute resolution, and competitive bidding. All of these applications involve competitive decision settings, specifically situations where a number of economic agents in pursuit of their own self-interests and in accordance with the institutional “rules of the game” take actions that together affect all of their fortunes. As this volume demonstrates, game theory provides a compelling guide for analyzing business decisions and strategies....