Game Theory and Economic Modelling (Clarendon Lectures in Economics)

Kreps, David M.

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ISBN 10: 0198283814 ISBN 13: 9780198283812
Published by Clarendon Press (edition ), 1990
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Synopsis:

This book examines why game theory has become such a popular tool of analysis. It investigates the deficiencies in this methodology and goes on to consider whether its popularity will fade or remain an important tool for economists. The book provides the reader with some basic concepts from noncooperative theory, and then goes on to explore the strengths, weaknesses, and future of the theory as a tool of economic modelling and analysis. All those interested in the applications of game theory to economics, from undergraduates to academics will find this study of particular value.

About the Author: David M. Kreps is at Stanford University.

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Title: Game Theory and Economic Modelling (...
Publisher: Clarendon Press (edition )
Publication Date: 1990
Binding: Paperback
Condition: Good

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Kreps, David M.
Published by Clarendon Press, 1990
ISBN 10: 0198283814 ISBN 13: 9780198283812
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Kreps, David M.
Published by Clarendon Press, 1990
ISBN 10: 0198283814 ISBN 13: 9780198283812
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Kreps, David M.
Published by Clarendon Press, 1990
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Kreps, David M.
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Condition: Fair. This is an ex-library book and may have the usual library/used-book markings inside.This book has soft covers. Clean from markings. In fair condition, suitable as a study copy. Please note the Image in this listing is a stock photo and may not match the covers of the actual item,400grams, ISBN:9780198283812. Seller Inventory # 7067762

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David M. Kreps (Paul E. Holden Professor of Economics, Graduate School of Business, Paul E. Holden Professor of Economics, Graduate School of Business, Stanford University)
ISBN 10: 0198283814 ISBN 13: 9780198283812
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Paperback. Condition: Very Good. Over the past two decades, academic economics has undergone a mild revolution in methodology. The language, concepts and techniques of noncooperative game theory have become central to the discipline. This book provides the reader with some basic concepts from noncooperative theory, and then goes on to explore the strengths, weaknesses, and future of the theory as a tool of economic modelling and analysis. The central theses are that noncooperative game theory has been a remarkably popular tool in economics over the past decade because it allows analysts to capture essential features of dynamic competition and competition where some parties have proprietary information. The theory is weakest in providing a sense of when it - and equilibrium analysis in particular - can be applied and what to do when equilibrium analysis is inappropriate. Many of these weaknesses can be addressed by the consideration of individuals who are boundedly rational and learn imperfectly from the past. Written in a non-technical style and working by analogy, the book, first given as part of the Clarendon Lectures in Economics, is readily accessible to a broad audience and will be of interest to economists and students alike. Knowledge of game theory is not required as the concepts are developed as the book progresses. The book has been read, but is in excellent condition. Pages are intact and not marred by notes or highlighting. The spine remains undamaged. Seller Inventory # GOR001696757

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