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Game Theory. Analysis of conflict
Eminently suited to classroom use as well as individual study, Roger Myerson's introductory text provides a clear and thorough examination of the models, solution concepts, results, and methodological principles of noncooperative and cooperative game theory. Myerson introduces, clarifies, and synthesizes the extraordinary advances made in the subject over the past fifteen ...more
Paperback, 600 pages
Published September 15th 1997 by Harvard University Press
(first published April 1st 1991)
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Before I continue with this book, I need to set things out straight, especially with what I think are the limits of game theory in describing human behaviour. Game theory concerns itself with those situations where each 'player' stands to benefit to a greater degree by applying one strategy over another, where this choice of strategy depends on the strategies chosen by others. It is often the case that each individual would stand to benefit in the long-run from cooperating (largely due to extern ...more
Jun 20, 2012 Paola rated it it was amazing
This is a very good graduate level textbook in game theory. It is pretty hard going in terms of notation, so recommended for self study only to the most dedicated readers. However, if you do persevere and get to master the notation (if you are not put off by first chapter, you should have no problems with the rest) Persevering with the notation has high payoffs: is one of the few textbooks with extended worked examples that really get into the nitty gritty. Highly recommended.
Roger Myerson is the Glen A. Lloyd Distinguished Service Professor of Economics at the University of Chicago. He was awarded the Nobel memorial prize in Economic Science in 2007.More about Roger B. Myerson...