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Game theory : analysis of conflict

Author: Roger B Myerson
Publisher: Cambridge, Mass. : Harvard University Press, 1997, ©1991.
Edition/Format:   Print book : English : 1st Harvard University Press pbk. edView all editions and formats
Summary:
Eminently suited to classroom use as well as individual study, Roger Myerson's text provides a clear and thorough examination of the models, solution concepts, results, and methodological principles of both noncooperative and cooperative game theory. Myerson introduces, clarifies, and synthesizes the extraordinary advances made in the subject over the past fifteen years, presents an overview of decison theory, and  Read more...
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Material Type: Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: Roger B Myerson
ISBN: 0674341163 9780674341166 0674341155 9780674341159
OCLC Number: 39880532
Description: xiii, 568 pages : illustrations ; 24 cm
Contents: Part 1 Decision-theoretic foundations: game theory, rationality and intelligence; basic concepts of decision theory; axioms; the expected-utility maximization theorem; equivalent representations; Bayesian conditional-probability systems; limitations of the Bayesian model; domination; proofs of the domination theorems. Part 2 Basic models: games in extensive form; strategic form and the normal representation; equivalance of strategic-form games; reduced normal representations; elimination of dominated strategies; multiagent representations; common knowledge; Bayesian games; modelling games with incomplete information. Part 3 Equilibria of strategic-form games: domination and rationalizability; Nash equilibrium; computing Nash equilibria; significance of Nash equilibria; the focal-point effect; the decision-analytic approach to games; evolution, resistance and risk dominance; two-person zero-sum games; Bayesian equilibria; purification of randomized strategies in equilibria; auctions; proof of existence of equilibrium; infinite strategy sets. Part 4 Sequential equilibria of extensive-form games: mixed strategies and behavioural strategies; equilibria in behavioural strategies; sequential rationality at information states with positive probability; consistent beliefs and sequential rationality at all information states; computing sequential equilibria; subgame-perfect equilibria; games with perfect information; adding chance events with small probability; forward induction; voting and binary agendas; technical proofs. Part 5 Refinements of equilibrium in strategic form: perfect equilibria; existence of perfect and sequential equilibria; proper equilibria; persistent equilibria; stable sets of equilibria; general properties; conclusions. Part 6 Games with communication: contracts and correlated strategies; correlated equilibria; Bayesian games with communication; Bayesian collective-choice problems and Bayesian bargaining problems; trading problems with linear utility; general participation constraints for Bayesian games with contracts; sender-receiver games; acceptable and predominant correlated equilibria; communication in extensive-form and multistage games. Part 7 Repeated games: the repeated prisoner's dilemma; a general model of repeated games; stationary equilibria of repeated games with complete state information and discounting; repeated games with standard information - examples; general feasibility theorems for standard repeated games; finitely repeated games and the role of initial doubt; imperfect observability of moves; repeated games in large decentralized groups; repeated games with incomplete information; continuous time; evolutionary simulation of repeated games. (Part Contents)
Responsibility: Roger B. Myerson.

Abstract:

Game theory offers insight into any economic, political, or social situation that involves people with different goals or preferences. The author in this book presents some of the most important  Read more...

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Myerson provides a good introduction to game theory, focusing on the 'generality and unity of game theory' rather than on its extensive applications. After a brief overview of Bayesian decision Read more...

 
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