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Game Theory for Applied Economists,   ISBN:9780691003955

     
  Game Theory for Applied Economists

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Binding: Paperback
Release Date: July 1992
List Price: $60.00

Average Customer Rating:
Score = 4.0 Score = 4.0 Score = 4.0 Score = 4.0 Score = 4.0

ISBN-13: 9780691003955
ISBN-10: 0691003955
Author: Robert Gibbons
Publisher: Princeton University Press
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Summaries and Customer Reviews are supplied by Amazon.com

Summary:

This book introduces one of the most powerful tools of modern economics to a wide audience: those who will later construct or consume game-theoretic 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 overly 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 building--of translating an informal description of a multi-person decision situation into a formal game-theoretic problem to be analyzed. Also, the variety of applications shows that similar issues arise in different areas of economics, and that the same game-theoretic 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 subgame-perfect Nash equilibrium, static games of incomplete information and Bayesian Nash equilibrium, and dynamic games of incomplete information and perfect Bayesian equilibrium.

Customer Reviews:

Average Customer Rating: Score = 4.0 Score = 4.0 Score = 4.0 Score = 4.0 Score = 4.0

Review
Customer Rating:  Score = 1 Score = 1 Score = 1 Score = 1 Score = 1

I wouldn't know anything about this item because it never arrived (even after I paid expedited shipping.) Further, I wasn't able to obtain a refund. Thanks Amazon.

Never Buy from This Seller
Customer Rating:  Score = 1 Score = 1 Score = 1 Score = 1 Score = 1

It is pretty simple. The item never arrived after a month and never had any contact from the seller despite attempts to make contact. I had to contact the Credit Card company to get my money back. Avoid at all costs.

A concise primer for undergrads
Customer Rating:  Score = 3 Score = 3 Score = 3 Score = 3 Score = 3

This is a nice book on game theory if you're not very mathematically inclined. It was recommended as a supplementary text for a graduate-level course that I took, and I enjoyed it as such. But for a more thorough introductory text for undergrads, I strongly recommend Osborne's An Introduction to Game Theory. This one is preferable only if you're allergic to rudimentary set theory.

Gibbons Game Theory
Customer Rating:  Score = 5 Score = 5 Score = 5 Score = 5 Score = 5

Gibbons does a wonderful job of explaining clearly key game theory concepts, and providing useful examples.

Terrible...
Customer Rating:  Score = 1 Score = 1 Score = 1 Score = 1 Score = 1

It's terrible...I waited for almost 2 weeks to get the item. I bought it for my game theory course, but 2 weeks is almost like 1/5 of the whole quarter!....Even worse, the book expected to be new and in a good condition, but when I unwrapped it , I found the first 15 pages already come off from the book...I felt really angry abt this, but I dont wanna wait for another 2 or more weeks to return it n get a new one...In a word, Im really disappointed abt this item...

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