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In economics, most noncooperative game theory has focused on equilibrium in games, especially Nash equilibrium and its … Games Drew Fudenberg and David Levine develop an alternative explanation that equilibrium arises as the long-run outcome of …
Persistent link: https://www.econbiz.de/10004973232
choice theory. It draws on formal theories of microeconomics, decision making, games, and social choice, and on ideas …, probability and statistics, aggregation of preferences, games and equilibria, free markets, and rationality and emotions. Online …
Persistent link: https://www.econbiz.de/10008632727
This timely book surveys and illuminates the recent literature on industrial organization by contrasting the analyses based on the idea of "natural" adaptation of industry to environmental conditions and those that focus on the "strategic" dimension and manipulation of environment. Among the...
Persistent link: https://www.econbiz.de/10005233378
, "option games," by which the decision-making approaches of real options and game theory can be combined. The authors first … analyses. Their presentation of continuous-time option games is the first systematic coverage of the topic and fills a …
Persistent link: https://www.econbiz.de/10010535207
necessary and sufficient optimality conditions; game theory, with an emphasis on differential games; and the application of … to all end-of-chapter problems. The material is presented at three levels: single-person decision making; games, in which …
Persistent link: https://www.econbiz.de/10010535230
produce a synthesis that is consistent with the modern theory of noncooperative games. In the process, he notes logical …
Persistent link: https://www.econbiz.de/10004973021
This volume brings together all of Ken Binmore's influential experimental papers on bargaining along with newly written commentary in which Binmore discusses the underlying game theory and addresses the criticism leveled at it by behavioral economists. When Binmore began his experimental work in...
Persistent link: https://www.econbiz.de/10004973065
between individuals are modeled as a noncooperative game. Most dynamic analyses of evolutionary games are based on their … normal forms, despite the fact that many interesting games are specified more naturally through their extensive forms … perspective of dynamic evolutionary game theory. The book offers a synthesis of current knowledge about extensive form games from …
Persistent link: https://www.econbiz.de/10004973088
categories: general, knot theory, decision theory (utility and subjective probability), strategic games, coalitional games, and …
Persistent link: https://www.econbiz.de/10004973109
-theoretic tools and equilibrium, he pays particular attention to recent developments in the theory of supermodular games. The middle …-stage games, the modeling of competition under asymmetric information and mechanism design theory, and the theory of repeated and … dynamic games, including Markov perfect equilibrium and differential games. …
Persistent link: https://www.econbiz.de/10004973113