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International - Game Theory (Mit Press)

Description

Book Synopsis: This advanced text introduces the principles of noncooperative game theory in a direct and uncomplicated style that will acquaint students with the broad spectrum of the field while highlighting and explaining what they need to know at any given point.This advanced text introduces the principles of noncooperative game theory—including strategic form games, Nash equilibria, subgame perfection, repeated games, and games of incomplete information—in a direct and uncomplicated style that will acquaint students with the broad spectrum of the field while highlighting and explaining what they need to know at any given point. The analytic material is accompanied by many applications, examples, and exercises. The theory of noncooperative games studies the behavior of agents in any situation where each agent's optimal choice may depend on a forecast of the opponents' choices. “Noncooperative” refers to choices that are based on the participant’s perceived self-interest. Although game theory has been applied to many fields, Fudenberg and Tirole focus on the kinds of game theory that have been most useful in the study of economic problems. They also include some applications to political science. The fourteen chapters are grouped in parts that cover static games of complete information, dynamic games of complete information, static games of incomplete information, dynamic games of incomplete information, and advanced topics.

Details

Introducing Game Theory, the groundbreaking book from Mit Press that will revolutionize the way you think about strategy and decision-making. Whether you're a business professional looking to gain a competitive edge or a student wanting to delve into the fascinating world of game theory, this is the must-have book for you.

Unlock the secrets of strategic thinking and learn how to make optimal decisions in any situation. Game Theory provides you with a comprehensive framework to analyze and understand the complex interactions between different players, guiding you towards making smart and calculated choices.

Not only is Game Theory a powerful tool in business and economics, but it also has applications in various fields like politics, psychology, and even biology. Gain a deep insight into human behavior and learn how to predict and manipulate outcomes to your advantage.

With its clear and engaging writing style, Game Theory is accessible to both beginners and experts alike. The book is filled with real-world examples and practical exercises to help you apply the concepts and strategies discussed. Let Game Theory be your guide to navigating the intricacies of decision-making and achieving success in any endeavor.

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