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Synopsis
A succinct tour of the fascinating world of game theory, a ground-breaking field that analyzes how to play games in a rational way
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About the Author
Ken Binmore is Emeritus Professor of Economics at University College, London. He has held Chairs in Economics at LSE, the University of Michigan and UCL, and is a Visiting Professor of Economics at the University of Bristol and a Fellow of the Centre for Philosophy at LSE. He began his academic career as a pure mathematician before becoming interested in game theory. Since that time, he has devoted himself to the subject, in particular designing major telecom auctions in many countries across the world. As a consequence of the £23.4 billion pounds raised by the telecom auction he organized in the UK, he was described by Newsweek magazine as the "ruthless, poker-playing economist who destroyed the telecom industry ". But he nowadays devotes his time to applying game theory to the problem of the evolution of morality. The most recent of his numerous books is Playing for Real (Oxford, 2007).
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Game Theory: A Very Short Introduction (Very Short Introductions)
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GAME THEORY VSI PB
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Game Theory : A Very Short Introduction
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Game Theory : A Very Short Introduction
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Game Theory (Paperback)
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Paperback. Condition: new. Paperback. Games are everywhere: Drivers manoeuvring in heavy traffic are playing a driving game. Bargain hunters bidding on eBay are playing an auctioning game. A firm negotiating next year's wage is playing a bargaining game. The opposing candidates in an election are playing a political game. The supermarket's price for corn flakes is decided by playing an economic game. Game theory is about how to play such games in a rational way. Even when theplayers have not thought everything out in advance, game theory often works for the same reason that mindless animals sometimes end up behaving very cleverly: evolutionary forces eliminate irrationalplay because it is unfit. Game theory has seen spectacular successes in evolutionary biology and economics, and is beginning to revolutionize other disciplines from psychology to political science. This Very Short Introduction introduces the fascinating world of game theory, showing how it can be understood without mathematical equations, and revealing that everything from how to play poker optimally to the sex ratio among bees can be understood by anyonewilling to think seriously about the problem. ABOUT THE SERIES: The Very Short Introductions series from Oxford University Press contains hundreds of titles in almost every subject area. Thesepocket-sized books are the perfect way to get ahead in a new subject quickly. Our expert authors combine facts, analysis, perspective, new ideas, and enthusiasm to make interesting and challenging topics highly readable. Games are played everywhere: from economics and online auctions to social interactions, and game theory is about how to play such games in a rational way, and how to maximize their outcomes. This VSI reveals, without mathematical equations, the insights the theory can bring to everything from how to play poker optimally to the sex ratio among bees. Shipping may be from our UK warehouse or from our Australian or US warehouses, depending on stock availability. Seller Inventory # 9780199218462
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