Game Theory: Basic Concepts

Penélope Hernández and Marina Pavan

Chapter 3 in Experimental Economics, 2015, pp 34-52 from Palgrave Macmillan

Abstract: Abstract This chapter presents the basic concepts of game theory used in this book. The main objective is to provide the necessary basis for understanding the analysis and the answers to questions posed in the other chapters.1 We start by explaining the concept of a game, and then proceed to study different types of games under the assumption of complete information, as well as corresponding notions of equilibrium.

Keywords: Nash Equilibrium; Game Theory; Mixed Strategy; Ultimatum Game; Payoff Matrix (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-53819-2_3

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DOI: 10.1057/9781137538192_3

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