Epistemic Game Theory: Reasoning and Choice - Softcover

Perea, Andrés

Softcover

ISBN 10: 1107401399 ISBN 13: 9781107401396

Publisher: Cambridge University Press, 2012

Synopsis

In everyday life we must often reach decisions while knowing that the outcome will not only depend on our own choice, but also on the choices of others. These situations are the focus of epistemic game theory. Unlike classical game theory, it explores how people may reason about their opponents before they make their final choice in a game. Packed with examples and practical problems based on stories from everyday life, this is the first textbook to explain the principles of epistemic game theory. Each chapter is dedicated to one particular, natural way of reasoning. The book then shows how each of these ways of reasoning will affect the final choices that can rationally be made and how these choices can be found by iterative procedures. Moreover, it does so in a way that uses elementary mathematics and does not presuppose any previous knowledge of game theory.

About this title

Book Description:

Epistemic game theory explores how people may reason about their opponents before they make their final choice in a game. Packed with examples and practical problems based on stories from everyday life, this is the first textbook to explain the principles of this increasingly important aspect of game theory.

About the Author:

Andrés Perea is Associate Professor in the Department of Quantitative Economics, Maastricht University, The Netherlands. He has taught courses on epistemic game theory at several European universities and is the author of Rationality in Extensive Form Games (2001).

About this edition

• Publisher: Cambridge University Press
• Publication date: 2012
• ISBN 10: 1107401399
• ISBN 13: 9781107401396
• Binding: Paperback
• Number of pages: 580