Game Theory For Applied Economists

Game Theory For Applied Economists

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An Introduction To One Of The Most Powerful Tools In Modern Economicsgame Theory For Applied Economists Introduces One Of The Most Powerful Tools Of Modern Economics To A Wide Audience: Those Who Will Later Construct Or Consume Gametheoretic Models. Robert Gibbons Addresses Scholars In Applied Fields Within Economics Who Want A Serious And Thorough Discussion Of Game Theory But Who May Have Found Other Works Too Abstract.Gibbons Emphasizes The Economic Applications Of The Theory At Least As Much As The Pure Theory Itself; Formal Arguments About Abstract Games Play A Minor Role. The Applications Illustrate The Process Of Model Buildingof Translating An Informal Description Of A Multiperson Decision Situation Into A Formal Gametheoretic Problem To Be Analyzed. Also, The Variety Of Applications Shows That Similar Issues Arise In Different Areas Of Economics, And That The Same Gametheoretic Tools Can Be Applied In Each Setting. In Order To Emphasize The Broad Potential Scope Of The Theory, Conventional Applications From Industrial Organization Have Been Largely Replaced By Applications From Labor, Macro, And Other Applied Fields In Economics.The Book Covers Four Classes Of Games, And Four Corresponding Notions Of Equilibrium: Static Games Of Complete Information And Nash Equilibrium, Dynamic Games Of Complete Information And Subgameperfect Nash Equilibrium, Static Games Of Incomplete Information And Bayesian Nash Equilibrium, And Dynamic Games Of Incomplete Information And Perfect Bayesian Equilibrium.

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Frequently Asked Questions

  • Q: What is the main focus of 'Game Theory for Applied Economists'? A: The book primarily focuses on the applications of game theory in economics, emphasizing practical uses over abstract theory.
  • Q: Who is the author of 'Game Theory for Applied Economists'? A: The author of the book is Robert Gibbons.
  • Q: What topics are covered in the book? A: The book covers various types of games including static and dynamic games, as well as concepts such as Nash equilibrium and Bayesian Nash equilibrium.
  • Q: What is the publication date of this book? A: The book was published on July 13, 1992.
  • Q: Is 'Game Theory for Applied Economists' suitable for beginners? A: Yes, the book is designed for those who may find other game theory texts too abstract, making it accessible for beginners in economics.
  • Q: How many pages does the book have? A: The book contains 288 pages.
  • Q: What type of binding does this book have? A: This edition of the book is paperback.
  • Q: What condition is the book in? A: The book is in new condition.
  • Q: What is the edition of 'Game Theory for Applied Economists'? A: This is a reprint edition of the book.
  • Q: Can this book be useful for fields outside of economics? A: Yes, the book illustrates game-theoretic tools that can be applied in various fields beyond economics, including labor and macroeconomics.