Strategies and Games: Theory and Practice / Edition 1

Strategies and Games: Theory and Practice / Edition 1

by Prajit K. Dutta
     
 

ISBN-10: 0262041693

ISBN-13: 9780262041690

Pub. Date: 02/26/1999

Publisher: MIT Press

Game theory has become increasingly popular among undergraduate as well as business school students. This text is the first to provide both a complete theoretical treatment of the subject and a variety of real-world applications,primarily in economics, but also in business, political science, and the law.

Strategies and Games grew out of Prajit Dutta's

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Overview

Game theory has become increasingly popular among undergraduate as well as business school students. This text is the first to provide both a complete theoretical treatment of the subject and a variety of real-world applications,primarily in economics, but also in business, political science, and the law.

Strategies and Games grew out of Prajit Dutta's experience teaching a course in game theory over the last six years at Columbia University.The book is divided into three parts: Strategic Form Games and Their Applications,Extensive Form Games and Their Applications, and Asymmetric Information Games and Their Applications. The theoretical topics include dominance solutions, Nash equilibrium, backward induction, subgame perfect equilibrium, repeated games,dynamic games, Bayes-Nash equilibrium, mechanism design, auction theory, and signaling. An appendix presents a thorough discussion of single-agent decision theory, as well as the optimization and probability theory required for the course.Every chapter that introduces a new theoretical concept opens with examples and ends with a case study. Case studies include Global Warming and the Internet,Poison Pills, Treasury Bill Auctions, and Final Jeopardy. Each part of the book also contains several chapter-length applications including Bankruptcy Law, the NASDAQ market, OPEC, and the Commons problem. This is also the first text to provide a detailed analysis of dynamic strategic interaction.

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Product Details

ISBN-13:
9780262041690
Publisher:
MIT Press
Publication date:
02/26/1999
Edition description:
New Edition
Pages:
506
Sales rank:
454,546
Product dimensions:
8.00(w) x 9.00(h) x 0.62(d)
Age Range:
18 Years

Table of Contents

Preface
A Reader's Guide
Pt. 1Introduction1
Ch. 1A First Look at the Applications3
Ch. 2A First Look at the Theory17
Pt. 2Strategic Form Games: Theory and Practice33
Ch. 3Strategic Form Games and Dominant Strategies35
Ch. 4Dominance Solvability49
Ch. 5Nash Equilibrium63
Ch. 6An Application: Cournot Duopoly75
Ch. 7An Application: The Commons Problem91
Ch. 8Mixed Strategies103
Ch. 9Two Applications: Natural Monopoly and Bankruptcy Law121
Ch. 10Zero-Sum Games139
Pt. 3Extensive Form Games: Theory and Applications155
Ch. 11Extensive Form Games and Backward Induction157
Ch. 12An Application: Research and Development179
Ch. 13Subgame Perfect Equilibrium193
Ch. 14Finitely Repeated Games209
Ch. 15Infinitely Repeated Games227
Ch. 16An Application: Competition and Collusion in the NASDAQ Stock Market243
Ch. 17An Application: OPEC257
Ch. 18Dynamic Games with an Application to the Commons Problem275
Pt. 4Asymmetric Information Games: Theory and Applications291
Ch. 19Moral Hazard and Incentives Theory293
Ch. 20Games with Incomplete Information309
Ch. 21An Application: Incomplete Information in a Cournot Duopoly331
Ch. 22Mechanism Design, the Revelation Principle, and Sales to an Unknown Buyer349
Ch. 23An Application: Auctions367
Ch. 24Signaling Games and the Lemons Problem383
Pt. 5Foundations401
Ch. 25Calculus and Optimization403
Ch. 26Probability and Expectation421
Ch. 27Utility and Expected Utility433
Ch. 28Existence of Nash Equilibria451
Index465

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