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Game Theory

A Very Short Introduction
Binmore, K. G. (Book - 2007 )
Average Rating: 2.5 stars out of 5.
Game Theory

Item Details

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. When 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 inadvance, 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 iVery Short Introduction/i 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.
Authors: Binmore, K. G., 1940-
Title: Game theory
a very short introduction
Publisher: New York :, Oxford University Press,, 2007
Characteristics: 184 p. :,ill. ;,18 cm
Statement of Responsibility: Ken Binmore
Contents: The name of the game
Evolutionary biology
Bargaining and coalitions
Puzzles and paradoxes
ISBN: 9780199218462
Branch Call Number: 519.3 B613g 2007
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