
Game Theory : A Very Short Introduction.
Title:
Game Theory : A Very Short Introduction.
Author:
Binmore, Ken.
ISBN:
9780191551178
Personal Author:
Physical Description:
1 online resource (148 pages)
Contents:
Cover Page -- Title Page -- Copyright Page -- Dedication -- Contents -- List of illustrations -- 1 The name of the game -- 2 Chance -- 3 Time -- 4 Conventions -- 5 Reciprocity -- 6 Information -- 7 Auctions -- 8 Evolutionary biology -- 9 Bargaining and coalitions -- 10 Puzzles and paradoxes -- References and further reading -- Index.
Abstract:
Games are played everywhere: from economics and online auctions to social interactions, and game theory is about how to play such games in a rational way, and how to maximize their outcomes. This VSI reveals, without mathematical equations, the insights the theory can bring to everything from how to play poker optimally to the sex ratio among bees. - ;Games are everywhere: Drivers manoeuvring in heavy traffic are playing a driving game. Bargain hunters bidding on eBay are playing an auctioning game. A firm negotiating next year's wage is playing a bargaining game. The opposing candidates in an election are playing a political game. The supermarket's price for corn flakes is decided by playing an economic game. Game theory is about how to play such games in a rational way. Even when the players have not thought everything out in advance, game theory often works for the same reason that mindless animals sometimes end up behaving very cleverly: evolutionary forces eliminate irrational play because it is unfit. Game theory has seen spectacular successes in evolutionary biology and economics, and is beginning to revolutionize other disciplines from psychology to political science. This Very Short Introduction introduces the fascinating world of game theory, showing how it can be understood without mathematical equations, and revealing that everything from how to play poker optimally to the sex ratio among bees can be understood by anyone willing to think seriously about the. problem. -.
Local Note:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
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