Game Theory:A Nontechnical Introduction to the Analysis of Strategy

Roger McCain

in World Scientific Books from World Scientific Publishing Co. Pte. Ltd.

Abstract: As with the previous editions, this fourth edition relies on teaching by example and the Karplus Learning Cycle to convey the ideas of game theory in a way that is approachable, intuitive, and interdisciplinary. Noncooperative equilibrium concepts such as Nash equilibrium, mixed strategy equilibria, and subgame perfect equilibrium are systematically introduced in the first half of the book. Bayesian Nash equilibrium is briefly introduced. The subsequent chapters discuss cooperative solutions with and without side payments, rationalizable strategies and correlated equilibria, and applications to elections, social mechanism design, and larger-scale games. New examples include panic buying, supply-chain shifts in the pandemic, and global warming.

Keywords: Game Theory; Nash Equilibrium; Prisoner's Dilemma; Randomized Strategies; Cooperative Solutions; Bayesian Nash Equilibrium; Coordination Problem; Social Mechanism Design; Tipping Point; Rationalizable Strategies; Correlated Equilibrium (search for similar items in EconPapers)
JEL-codes: C7 C71 C72 (search for similar items in EconPapers)
Date: 2023
ISBN: 9789811262951
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