Game theory and economic modelling /
Material type:
TextSeries: Clarendon lectures in economicsPublication details: Oxford : Clarendon Press; New York; Oxford University Press, c1990.Description: viii, 195pISBN: - 0198283814
- 9780198283812
- 330'01'5118 KRE
- HB144 K73 1990
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CBN ENUGU BRANCH LIBRARY General Stacks | Non-fiction | 330'01'5118 KRE (Browse shelf(Opens below)) | c. 1 | Available | 31008100778329 | ||
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CBN HQ Library General Stacks | Non-fiction | 330.01'5118 KRE (Browse shelf(Opens below)) | c.1 | Available | 31008100063649 | ||
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| 330.01'51 TOP Topics in applied macroeconomics / | 330.01'51 TOP Topics in applied macroeconomics / | 330.01'51 TOP Topics in applied macroeconomics / | 330.01'5118 KRE Game theory and economic modelling / | 330.01'519 UNC Uncertainty in economic theory : | 330.01'519 UNC Uncertainty in economic theory : | 330.01'519233 END Applied econometric time series / |
.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.
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