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An Introduction to Game Theory
ISBN: 9780195128963 | 0195128966
Format: PaperbackPublisher: Oxford University Press, USA
Pub. Date: 9/1/2003
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Martin J. Osborne is Professor of Economics at the University of Toronto.
Game-theoretic reasoning pervades economic theory and is used widely in other social and behavioral sciences. An Introduction to Game Theory, by Martin J. Osborne, presents the main principles of game theory and shows how they can be used to understand economic, social, political, and biological phenomena. The book introduces in an accessible manner the main ideas behind the theory rather than their mathematical expression. All concepts are d... MORE
Game-theoretic reasoning pervades economic theory and is used widely in other social and behavioral sciences. An Introduction to Game Theory, by Martin J. Osborne, presents the main principles of game theory and shows how they can be used to understand economic, social, political, and biological phenomena. The book introduces in an accessible manner the main ideas behind the theory rather than their mathematical expression. All concepts are d... MORE
| Preface | |
| Each chapter ends with notes | |
| Introduction | |
| What is Game Theory? | |
| An Outline of the History of Game Theory | |
| John von Neumann | |
| The Theory of Rational Choice | |
| Coming Attractions: Interacting Decision-Makers | |
| I. Games with Perfect Information | |
| Nash Equilibrium: Theory | |
| Strategic... MORE | |
| Example: The Prisoner's Dilemma | |
| Example: Bach or Stravinsky? | |
| Example: Matching Pennies | |
| Example: The Stag Hunt | |
| Nash Equilibrium | |
| John F. Nash, Jr | |
| Studying Nash Equilibrium Experimentally | |
| Examples of Nash Equilibrium | |
| Experimental Evidence on the Prisoner's Dilemma | |
| Focal Points | |
| Best Response Functions | |
| Dominated Actions | |
| Equilibrium in a Single Population: Symmetric Games and Symmetric Equilibria | |
| Nash Equilibrium: Illustrations | |
| Cournot's Model of Oligopoly | |
| Bertrand's Model of Oligopoly | |
| Cournot, Bertrand, and Nash: Some Historical Notes | |
| Electoral Competition | |
| The War of Attrition | |
| Auctions | |
| Auctions from Babylonia to eBay | |
| Accident Law | |
| Mixed Strategy Equilibrium | |
| Introduction | |
| Some Evidence on Expected Payoff Functions | |
| Strategic Games in Which Players May Randomize | |
| Mixed Strategy Nash Equilibrium | |
| Dominated Actions | |
| Pure Equilibria When Randomization is Allowed | |
| Illustration: Expert Diagnosis | |
| Equilibrium in a Single Population | |
| Illustration: Reporting a Crime | |
| Reporting a Crime: Social Psychology and Game Theory | |
| The Formation of Players' Beliefs | |
| Extension: Finding All Mixed Strategy Nash Equilibria | |
| Extension: Games in Which Each Player Has a Continuum of Actions | |
| Appendix: Representing Preferences by Expected Payoffs | |
| Extensive Games with Perfect Information: Theory | |
| Extensive Games with Perfect Information | |
| Strategies and Outcomes | |
| Nash Equilibrium | |
| Subgame Perfect Equilibrium | |
| Finding Subgame Perfect Equilibria of Finite Horizon Games: Backward Induction | |
| Ticktacktoe, Chess, and Related Games | |
| Extensive Games With Perfect Information: Illustrations | |
| The Ultimatum Game, the Holdup Game, and Agenda Control | |
| Experiments on the Ultimatum Game | |
| Stackelberg's Model of Duopoly | |
| Buying Votes | |
| A Race | |
| Extensive Games With Perfect Information: Extensions and Discussion | |
| Allowing for Simultaneous Moves | |
| More Experimental Evidence on Subgame Perfect Equilibrium | |
| Illustration: Entry into a Monopolized Industry | |
| Illustration: Electoral Competition with Strategic Voters | |
| Illustration: Committee Decision-Making | |
| Illustration: Exit from a Declining Industry | |
| Allowing for Exogenous Uncertainty | |
| Discussion: Subgame Perfect Equilibrium and Backward Induction | |
| Experimental Evidence on the Centipede Game | |
| Coalitional Games and the Core | |
| Coalitional Games | |
| The Core | |
| Illustration: Ownership and the Distribution of Wealth | |
| Illustration: Exchanging Homogeneous Horses | |
| Illustration: Exchanging Heterogeneous Houses | |
| Illustration | |
| Table of Contents provided by Publisher. All Rights Reserved. |
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