Guide to Game Theory
By Fiona Carmichael
Financial Times / Pearson Education Limited
304 pages, Illustrated
$110.00 Paper Original
A Guide to Game Theory explains the important concepts and techniques without
using mathematical language or methods. Using a wide range of examples and applications
this book covers decision problems confronted by firms, employers, unions, footballers,
partygoers, politicians, governments, non-governmental organizations and communities.
Written for undergraduate students with little or no prior knowledge of game
theory. This book supports any game theory module on an economics degree or
indeed any course that addresses strategic problem solving.
1. Game theory toolbox
2. Moving together
3. Prisoners' dilemma
4. Taking turns
5. Hidden moves and risky choices
6. Mixing and evolving
7. Mystery players
8. Playing again and again...
9. Bargaining and negotiation
" The first four chapters cover the basic concepts and techniques such as zero
sum games, the prisoners' dilemma, Nash equilibrium, and credible threats, without
using mathematical language, enabling students who are alienated by maths to
get to grips with the subject.
" In subsequent chapters analysis is built up in a step-by-step way in order
to incorporate more interesting features of the world we live in - including
coverage of risk, information asymmetries, signals, long term relationships,
learning and negotiation.
" Breaks down mathematical barriers relying on a logical approach aided by tables
and diagrams to tackle the issues.
" Exercises are embedded in the text of the chapters and additional problems
and discussion questions are included at the end of each chapter to test understanding.
" Real world applications are introduced into the analysis in a sequential way,
enabling students to build on their knowledge and understanding and appreciate
the potential uses of the theory.
" Written by an author with a wealth of experience in helping students tackle
this potentially daunting yet fascinating subject, as recognized by an award
as 'Outstanding Teacher' for her course in game theory.
" A companion website provides teaching support with resources such as PowerPoint
slides, summaries and exercises.
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