Games are played everywhere: from economics to evolutionary biology, and from social interactions to online auctions. This title shows how to play such games in a rational way, and how to maximize their outcomes.
Binmore's groundbreaking text on game theory explores the manner in which rational people should interact when they have conflicting interests. While Binmore uses a light touch to outline key developments in theory, the text remains a serious exposition of a serious topic. In addition, his unique story-telling approach allows students to immediately apply game-theoretic skills to simple problems. Each chapter ends with a host of challenging exercises to help students practice the skills they have learned. The highly anticipated revision, expected in 2003, will include more coverage of cooperative game theory and a more accessible presentation—with chapters broken up into smaller chunks and an abundance of economic examples integrated throughout the text.
Systematic account of the logical and algebraic foundations of calculus. Presentation is informal with emphasis on practical understanding rather than on theoretical matters and formal proofs. Many practical examples are provided, drawn primarily from economics. Some elementary knowledge of calculus is assumed.
In recent years economists have found the theory of games to be an attractive route for exploring imperfectly competitive markets. This collection of articles explores both the potential and the limitations of this theoretical framework.
A collection of articles examining equilibrium outcomes in social and economic environments which possess cooperative infrastructures.