Decisions, Games and Markets / Edition 1

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Decisions, Games and Markets is designed to stimulate new developments in decision theory, game theory and general equilibrium theory, as well as their applications to economics. The book is divided into three parts - Decision Theory, Game Theory, and the Theory of Markets. Though its orientation is primarily methodological, some articles are more applied. The consistent use of formal analysis and methodological individualism constitute the unifying theme of the book. Decisions, Games and Markets will be of considerable interest to both students and teachers of microeconomics and game and decision theory.
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Product Details

  • ISBN-13: 9780792398417
  • Publisher: Springer US
  • Publication date: 9/5/2007
  • Series: Studies in Risk and Uncertainty Series, #8
  • Edition description: 1997
  • Edition number: 1
  • Pages: 368
  • Product dimensions: 9.21 (w) x 6.14 (h) x 0.88 (d)

Table of Contents

1 "Direct" and "Indirect" Duality for Dominance Relations 3
2 Conditional Preferences, Ellsberg Paradoxes and the Sure Thing Principle 31
3 Games with Observable Deviators 57
4 Conjectural Equilibria and Rationalizability in a Game with Incomplete Information 97
5 Lexicographic Rationality Orderings and Iterative Weak Dominance 125
6 At the Roots of Indeterminacy 151
7 The Information Content of Specialist Pricing: A Dynamic Model 167
8 "Laws of Large Numbers" in Continuum Economies 191
9 Decentralization, Mobility Costs and the Soft Budget Constraint 209
10 Equivalence and Duality Between the Sets of Pareto-Maximal Allocations and the Sets of Maximal Distributable Surplus Allocations, Including Externalities 239
11 Economic Models of Social Learning 265
12 Market Size, the Informational Content of Stock Prices and Risk: A Multiasset Model and Some Evidence 299
13 Adoption of Flexible Technologies in an Evolutionary Environment 341
Index 361
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