Game Theory and Economic Modelling

David M Kreps

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Idioma: inglés

Editorial: Oxford University Press, 1990

0198283814 / 9780198283812

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Descripción del artículo del vendedor

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.…

N° de ref. del artículo CIN0198283814G

Título
Game Theory and Economic Modelling
Autor
David M Kreps
Editorial
Oxford University Press
Año de publicación
1990
Estado
Good
Encuadernación
Paperback
Idioma
inglés
ISBN 10
0198283814
ISBN 13
9780198283812

World of Books Inc

Montgomery, IL, Estados Unidos de America

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Vendedor de IberLibro desde 23 de marzo de 2026

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