· 2013· Book chapter
An Introduction to Game Theory
- 1,539citations
- 2013year
Short summary
Osborne's 'An Introduction to Game Theory' offers an accessible overview of game theory's core principles and applications across various social sciences, prioritizing conceptual understanding over complex mathematical derivations.
AI-generated from the title and abstract; the full text is not read.
Key points
- Presents the main principles of game theory in an accessible manner.
- Focuses on conceptual understanding rather than mathematical expression.
- Covers fundamental concepts (strategic games, extensive games) and advanced topics (Bayesian games, repeated games).
- Utilizes a wide variety of illustrations and examples from social and behavioral sciences.
AI-generated from the title and abstract; the full text is not read.
Abstract
Game-theoretic reasoning pervades economic theory and is used widely in other social and behavioural sciences. An Introduction to Game Theory International Edition, by Martin J. Osborne, presents the main principles of game theory and shows how they can be used to understand economics, social, political, and biological phenomena. The book introduces in an accessible manner the main ideas behind the theory rather than their mathematical expression. All concepts are defined precisely, and logical reasoning is used throughout. The book requires an understanding of basic mathematics but assumes no specific knowledge of economics, political science, or other social or behavioural sciences. Coverage includes the fundamental concepts of strategic games, extensive games with perfect information, and coalitional games; the more advanced subjects of Bayesian games and extensive games with imperfect information; and the topics of repeated games, bargaining theory, evolutionary equilibrium, rationalizability, and maxminimization. The book offers a wide variety of illustrations from the social and behavioural sciences. Each topic features examples that highlight theoretical points and illustrations that demonstrate how the theory may be used.
The authors' abstract, as published at the source., 2013 · DOI ↗
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Field: Management Science and Operations Research
Management Science and Operations ResearchDecision Sciences