Game Theory and Behavior
Book Details
Format
Hardback or Cased Book
ISBN-10
0262047292
ISBN-13
9780262047296
Publisher
MIT Press Ltd
Imprint
MIT Press
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Dec 6th, 2022
Print length
768 Pages
Weight
1,476 grams
Dimensions
21.20 x 23.50 x 4.30 cms
Product Classification:
Game theory
Ksh 21,400.00
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An introduction to game theory that offers not only theoretical tools but also the intuition and behavioral insights to apply these tools to real-world situations.
This introductory text on game theory provides students with both the theoretical tools to analyze situations through the logic of game theory and the intuition and behavioral insights to apply these tools to real-world situations. It is unique among game theory texts in offering a clear, formal introduction to standard game theory while incorporating evidence from experimental data and introducing recent behavioral models. Students will not only learn about incentives, how to represent situations as games, and what agents “should” do in these situations, but they will also be presented with evidence that either confirms the theoretical assumptions or suggests a way in which the theory might be updated.
Features:
This introductory text on game theory provides students with both the theoretical tools to analyze situations through the logic of game theory and the intuition and behavioral insights to apply these tools to real-world situations. It is unique among game theory texts in offering a clear, formal introduction to standard game theory while incorporating evidence from experimental data and introducing recent behavioral models. Students will not only learn about incentives, how to represent situations as games, and what agents “should” do in these situations, but they will also be presented with evidence that either confirms the theoretical assumptions or suggests a way in which the theory might be updated.
Features:
- Each chapter begins with a motivating example that can be run as an experiment and ends with a discussion of the behavior in the example.
- Parts I–IV cover the fundamental “nuts and bolts” of any introductory game theory course, including the theory of games, simple games with simultaneous decision making by players, sequential move games, and incomplete information in simultaneous and sequential move games.
- Parts V–VII apply the tools developed in previous sections to bargaining, cooperative game theory, market design, social dilemmas, and social choice and voting.
- Part VIII offers a more in-depth discussion of behavioral game theory models including evolutionary and psychological game theory.
- Instructor resources include solutions to end-of-chapter exercises, worksheets for running each chapter''s experimental games using pencil and paper, and the oTree codes for running the games online.
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