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Game Theory for Applied Economists
List Price: $55.00Our Price: $43.19 You Save: $11.81 (21%)Prices subject to change.
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Binding: Paperback
Dewey Decimal Number: 330.015193
EAN: 9780691003955
ISBN: 0691003955
Label: Princeton University Press
Manufacturer: Princeton University Press
Number Of Items: 1
Number Of Pages: 288
Publication Date: July 13, 1992
Publisher: Princeton University Press
Studio: Princeton University Press
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Editorial Review:This book introduces one of the most powerful tools of modern economics to a wide audience: those who will later construct or consume game-theoretic models. Robert Gibbons addresses scholars in applied fields within economics who want a serious and thorough discussion of game theory but who may have found other works overly abstract. Gibbons emphasizes the economic applications of the theory at least as much as the pure theory itself; formal arguments about abstract games play a minor role. The applications illustrate the process of model building--of translating an informal description of a multi-person decision situation into a formal game-theoretic problem to be analyzed. Also, the variety of applications shows that similar issues arise in different areas of economics, and that the same game-theoretic tools can be applied in each setting. In order to emphasize the broad potential scope of the theory, conventional applications from industrial organization have been largely replaced by applications from labor, macro, and other applied fields in economics. The book covers four classes of games, and four corresponding notions of equilibrium: static games of complete information and Nash equilibrium, dynamic games of complete information and subgame-perfect Nash equilibrium, static games of incomplete information and Bayesian Nash equilibrium, and dynamic games of incomplete information and perfect Bayesian equilibrium.
Customer Reviews
Average Rating: 
Rating:  - Elementary
Highly recommended for beginners and economist focus on application of game theory. Less technical, and enough intuition which turns out to be useful when people start to forming their own models.
Rating:  - Game Theory for Applies Economists Review
Was the course book in a strong game theory class. It's a graduate class at the ISyE deparment at Georgia Tech. But, I didn't like the book that much; cause it's a little bit boring, beside it's got too little pages (round 200 only), and so, I doubt that it's the best game theory reference. However, I think it's a good start, especially for anyone who is trying to learn game theory on his/her own.
Rating: - Good Book
The book came in good shape, and it's a fairly straightforward read. I had no problems in the shipping of the book; it came on time and without flaws. The book was also definitely worth reading (though I had to for a class).
Rating: - Easy to Read
Gibbons provides a lot of examples in a clear, easy-to-read format. Much less clunky than other introductory game theory texts!
Rating: - Excellent!
I had heard of game theory but had never been exposed to what it actually was or how games were viewed, setup or resolved. This book was part of a PhD Micro course and I found it very readable. We actually used two books, this one and the game theory section of MasColeel. The Mas book is very encyclopedic to me and dense reading. Gibbons' book gives the concepts and applictions in a straight-forward readable manner. Highly recommended, especially if you are new or somewhat new to game theory.
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