Game Theory: An Introduction

Description

The definitive introduction to game theory This comprehensive textbook introduces readers to the principal ideas and applications of game theory, in a style that combines rigor with accessibility. Steven Tadelis begins with a concise description of rational decision making, and goes on to discuss strategic and extensive form games with complete information, Bayesian games, and extensive form games with imperfect information. He covers a host of topics, including multistage and repeated games, bargaining theory, auctions, rent-seeking games, mechanism design, signaling games, reputation building, and information transmission games. Unlike other books on game theory, this one begins with the idea of rationality and explores its implications for multiperson decision problems through concepts like dominated strategies and rationalizability. Only then does it present the subject of Nash equilibrium and its derivatives. Game Theory is the ideal textbook for advanced undergraduate and beginning graduate students. Throughout, concepts and methods are explained using real-world examples backed by precise analytic material. The book features many important applications to economics and political science, as well as numerous exercises that focus on how to formalize informal situations and then analyze them. Introduces the core ideas and applications of game theory Covers static and dynamic games, with complete and incomplete information Features a variety of examples, applications, and exercises Topics include repeated games, bargaining, auctions, signaling, reputation, and information transmission Ideal for advanced undergraduate and beginning graduate students Complete solutions available to teachers and selected solutions available to students Review: Great balance of rigor and readability - This book is an excellent text for an advanced undergraduate course or a first-year graduate course. In my opinion, it hits the sweet spot in terms of balancing rigor and readability. It is rigorous in the sense that it includes precise mathematical definitions of key ideas and results, and in the sense that it is thorough (covering all the main topics and discussing important technical caveats when relevant). It is readable in the sense that it includes a wide variety of examples (both to motivate the topics and to illustrate ideas), and in the sense that it is very clearly written. The writing is not too chatty, but also not too formal, and from a formatting perspective the book is clean and free of all the colored boxes and bloated figures that plague textbooks these days (especially undergraduate textbooks). Review: The book was in bad condition ... shipping was fast - Book was damage. For the price, you expect that it will be in great condition. Book arrive damage and dirty.