Description
Provides both a theoretical treatment of game theory and a variety of real-world applications, primarily in economics but also in business, political science and the law. The book is divided into three parts: strategic form games and their applications; extensive form games and their applications; and asymmetric information games and their applications. The theoretical topics include dominance solutions, Nash equilibrium, backward induction, subgame perfect equilibrium, repeated games, dynamic games, Bayes-Nash equilibrium, mechanism design, auction theory and signalling. An appendix presents a duscussion of single-agent decision theory as well as the otimization and probability required for the course.
