Download PDF by Prajit K. Dutta: Strategies and Games: Theory and Practice (MIT Press)

By Prajit K. Dutta

ISBN-10: 0262041693

ISBN-13: 9780262041690

Game concept has develop into more and more renowned between undergraduate in addition to enterprise tuition scholars. this article is the 1st to supply either a whole theoretical therapy of the topic and various real-world purposes, essentially in economics, but additionally in company, political technological know-how, and the legislations. Strategies and Games grew out of Prajit Dutta's event instructing a direction in video game thought during the last six years at Columbia University.The publication is split into 3 components: Strategic shape video games and Their functions, large shape video games and Their functions, and uneven info video games and Their purposes. The theoretical themes comprise dominance ideas, Nash equilibrium, backward induction, subgame ideal equilibrium, repeated video games, dynamic video games, Bayes-Nash equilibrium, mechanism layout, public sale idea, and signaling. An appendix provides a radical dialogue of single-agent determination concept, in addition to the optimization and likelihood thought required for the course.Every bankruptcy that introduces a brand new theoretical thought opens with examples and ends with a case examine. Case stories comprise worldwide Warming and the net, Poison drugs, Treasury invoice Auctions, and ultimate Jeopardy. every one a part of the booklet additionally comprises numerous chapter-length purposes together with financial ruin legislation, the NASDAQ marketplace, OPEC, and the Commons challenge. this is often additionally the 1st textual content to supply a close research of dynamic strategic interaction.

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Strategies and Games: Theory and Practice (MIT Press) by Prajit K. Dutta

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