Game theory and economic modelling /
Kreps, David M.
Game theory and economic modelling / - Oxford : Clarendon Press; New York; Oxford University Press, c1990. - viii, 195p. : - Clarendon lectures in economics .
Includes bibliographical references (p 187-191) and index
This book is based on a series of lectures given at Oxford, and comments on this use of non‐cooperative game theory. After providing a non technical introduction to the basic ideas of non cooperative game theory, the book discusses: (1) how and why game theory has been a success because it permits economists to model and analyse situations of dynamic competition and where private information plays an important role; (2) how and why the theory has failed to provide an understanding of when it (and equilibrium analysis) applies, when not, and what to do when not; and (3) how its weaknesses might be addressed—by considering individuals who are imperfectly rational and learn adaptively.
0198283814 9780198283812
Game theory
Econometric models
Competition
HB144 / K73 1990
330'01'5118 / KRE
Game theory and economic modelling / - Oxford : Clarendon Press; New York; Oxford University Press, c1990. - viii, 195p. : - Clarendon lectures in economics .
Includes bibliographical references (p 187-191) and index
This book is based on a series of lectures given at Oxford, and comments on this use of non‐cooperative game theory. After providing a non technical introduction to the basic ideas of non cooperative game theory, the book discusses: (1) how and why game theory has been a success because it permits economists to model and analyse situations of dynamic competition and where private information plays an important role; (2) how and why the theory has failed to provide an understanding of when it (and equilibrium analysis) applies, when not, and what to do when not; and (3) how its weaknesses might be addressed—by considering individuals who are imperfectly rational and learn adaptively.
0198283814 9780198283812
Game theory
Econometric models
Competition
HB144 / K73 1990
330'01'5118 / KRE