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Game Theory and Economic Modelling

David M. Kreps (Autor)

Buch | Hardcover

1990
Clarendon Press (Verlag)
978-0-19-828357-7 (ISBN)

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Looking at why game theory has become such a popular tool of analysis in economics, this study examines the deficiencies in this methodology and goes on to consider whether its popularity will fade or whether it will remain an important tool for economists.

Over the past two decades, academic economics has undergone a mild revolution in methodology. The language, concepts and techniques of non-cooperative game theory have become central to the discipline. This book looks at why game theory has become such a popular tool of analysis. It examines the deficiencies in this methodology and goes on to consider whether its popularity will fade or whether it will remain an important tool for economists.

The standard; Basic notions of non-cooperative game theory: Strategic form games; Extensive form games; Extensive and strategic form games; Dominance; Nash equilibrium; The successes of game theory: Taxonomy based on the strategic form; Dynamics and extensive form games; Incredble threats and incredible promises; Credible threats and promises: co-operation and reputation; The importance of what players know about others; The problems of game theory: Bilateral bargaining and precise protocols; Too many equilibria and no way to choose; choosing among equilibria with refinements; The rules of the game; Bounded rationality and retrospection.

Erscheint lt. Verlag	4.10.1990
Zusatzinfo	line figures
Verlagsort	Oxford
Sprache	englisch
Themenwelt	Mathematik / Informatik ► Mathematik ► Angewandte Mathematik
	Mathematik / Informatik ► Mathematik ► Finanz- / Wirtschaftsmathematik
	Wirtschaft ► Volkswirtschaftslehre ► Ökonometrie
ISBN-10	0-19-828357-1 / 0198283571
ISBN-13	978-0-19-828357-7 / 9780198283577
Zustand	Neuware