Game Theory: A Nontechnical Introduction To The Analysis Of Strategy (fourth Edition): A Nontechnical Introduction to the Analysis of Strategy (4th Edition) - Hardcover

Mccain, Roger A

Hardcover

ISBN 10: 9811262950 ISBN 13: 9789811262951

Publisher: WSPC, 2023

Synopsis

As with the previous editions, this fourth edition relies on teaching by example and the Karplus Learning Cycle to convey the ideas of game theory in a way that is approachable, intuitive, and interdisciplinary. Noncooperative equilibrium concepts such as Nash equilibrium, mixed strategy equilibria, and subgame perfect equilibrium are systematically introduced in the first half of the book. Bayesian Nash equilibrium is briefly introduced. The subsequent chapters discuss cooperative solutions with and without side payments, rationalizable strategies and correlated equilibria, and applications to elections, social mechanism design, and larger-scale games. New examples include panic buying, supply-chain shifts in the pandemic, and global warming.

About this title

About the Author

Dr Roger A McCain, a native of Louisiana, had his education at Louisiana State University and has been a university faculty member, specializing in economics or in game theory, since 1967. He is Professor in the School of Economics, Drexel University, Philadelphia, Pa, where he has been since 1988. McCain is the author of seven books, including textbooks in Game Theory and Microeconomic Theory, and research monographs on cognitive economics, computational models of economic growth, and applied game theory. He has also written more than 100 scholarly papers and addresses and is guilty of two published short stories.

Edition details

• Publisher: WSPC
• Publication date: 2023
• Language: English
• ISBN 10: 9811262950
• ISBN 13: 9789811262951
• Binding: Hardcover
• Edition number: 4
• Number of pages: 548