Game Theory A Very Short Introduction

In game theory, the object is to observe the decisions that Alice and Bob make (or would make) when they aren't interacting with each other or anyone else, and to deduce how they will behave when interacting in a game.

Author: Ken Binmore

Publisher: OUP Oxford

ISBN: 9780191579585

Category: Mathematics

Page: 200

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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. ABOUT THE SERIES: The Very Short Introductions series from Oxford University Press contains hundreds of titles in almost every subject area. These pocket-sized books are the perfect way to get ahead in a new subject quickly. Our expert authors combine facts, analysis, perspective, new ideas, and enthusiasm to make interesting and challenging topics highly readable.

Insects a Very Short Introduction

GAME THEORY A Very Short Introduction Ken Binmore Games are played everywhere : from economics to evolutionary biology , and from social interactions to online auctions . Game theory is about how to play such games in a rational way ...

Author: Simon R. Leather

Publisher: Oxford University Press

ISBN: 9780198847045

Category:

Page: 152

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This book explores the extraordinarily diverse and beautiful world of insects, from tiny wasps to giant beetles. It analyses insect evolution, and describes their behaviour, their environments, and the interactions they have with other animals. It also discusses their vital role in all land ecosystems, and their importance for our own survival.

Adam Smith A Very Short Introduction

GAME. THEORY. A Very Short Introduction Ken Binmore Games are played everywhere: from economics to evolutionary biology, and from social interactions to online auctions. Game theory is about how to play such games in a rational way, ...

Author: Christopher J. Berry

Publisher: Oxford University Press

ISBN: 9780191087288

Category: Business & Economics

Page: 144

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In 1776 Adam Smith (1723-90) wrote The Wealth of Nations , a book so foundational it has led to him being called the 'father of economics'. Today he is associated with the promotion of self-interest, a defence of greed and a criticism of any governmental 'interference' in market transactions which, if left to the 'invisible hand', will produce prosperity and liberty. Yet if Smith is actually read these associations are more a caricature than a faithful portrait. In this Very Short Introduction, Christopher Berry offers a balanced and nuanced view of this seminal thinker, embedding his fierce defence of free trade, competition, and assault on special interests in contemporary European history, politics, and philosophy. As Berry explores, Smith was far more than an economist. His book The Theory of Moral Sentiment, offered a complex account of ethics in the context of human social behaviour. His scope as a professor at the University of Glasgow, a major centre of the Scottish Enlightenment, was extensive. Beyond courses in philosophy and jurisprudence he also gave classes covering history, literature, and language. In addition to his two major works he also wrote a pioneering study of the history of astronomy as an illustration of the motivations that drive humans to seek answers to questions. He produced, again derived from his Glasgow classroom, an analysis of the development of grammar and language. As Christopher Berry shows, Adam Smith was no narrow thinker, but rather one who produced not only one of the greatest books in the history of social science, but also a wide-ranging body of work that remains significant today. ABOUT THE SERIES: The Very Short Introductions series from Oxford University Press contains hundreds of titles in almost every subject area. These pocket-sized books are the perfect way to get ahead in a new subject quickly. Our expert authors combine facts, analysis, perspective, new ideas, and enthusiasm to make interesting and challenging topics highly readable.

Scepticism A Very Short Introduction

A Very Short Introduction Ken Binmore Games are played everywhere: from economics to evolutionary biology, and from social interactions to online auctions. Game theory is about how to play such games in a rational way, ...

Author: Duncan Pritchard

Publisher: Oxford University Press

ISBN: 9780192564481

Category: Philosophy

Page: 152

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Throughout history scepticism and the urge to question accepted truths has been a powerful force for change and growth. Today, as we are bombarded by adverts, scientific studies praising the latest superfoods, and political rhetoric, a healthy amount of scepticism is widely encouraged. But when is such scepticism legitimate - for example, as a driver of new ideas - and when is it problematic? And what role might adopting a sceptical outlook play in leading an intellectually virtuous life? In this Very Short Introduction Duncan Pritchard explores both the advantages of scepticism, in challenging outdated notions, and also how it can have unhelpful social consequences, in generating distrust. He considers the role of scepticism at the source of contemporary social and political movements such as climate change denial, post-truth politics, and fake news. Pritchard also examines the philosophical arguments for a radical form of scepticism which maintains that knowledge is impossible, and explores some of the main responses to these arguments. Finally, he considers the part scepticism might play in applying better thinking and learning to achieve a more meaningful life. ABOUT THE SERIES: The Very Short Introductions series from Oxford University Press contains hundreds of titles in almost every subject area. These pocket-sized books are the perfect way to get ahead in a new subject quickly. Our expert authors combine facts, analysis, perspective, new ideas, and enthusiasm to make interesting and challenging topics highly readable.

Game Theory

Games are played everywhere: from economics to evolutionary biology, and from social interactions to online auctions. This title shows how to play such games in a rational way, and how to maximize their outcomes.

Author: K. G. Binmore

Publisher:

ISBN: 0191776998

Category: Game theory

Page: 184

View: 627

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Games are played everywhere: from economics to evolutionary biology, and from social interactions to online auctions. This title shows how to play such games in a rational way, and how to maximize their outcomes.

Mathematical Finance A Very Short Introduction

'An excellent introduction . . . presents mathematical and statistical findings in straightforward prose.' Financial Times www.oup.com/vsi Game Theory A Very Short Introduction Ken Binmore Games are Economics: A Very Short Introduction.

Author: Mark H. A. Davis

Publisher: Oxford University Press

ISBN: 9780191092039

Category: Mathematics

Page: 144

View: 809

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In recent years the finance industry has mushroomed to become an important part of modern economies, and many science and engineering graduates have joined the industry as quantitative analysts, with mathematical and computational skills that are needed to solve complex problems of asset valuation and risk management. An important parallel story exists of scientific endeavour. Between 1965-1995, insightful ideas in economics about asset valuation were turned into a mathematical 'theory of arbitrage', an enterprise whose first achievement was the famous 1973 Black-Scholes formula, followed by extensive investigations using all the resources of modern analysis and probability. The growth of the finance industry proceeded hand-in-hand with these developments. Now new challenges arise to deal with the fallout from the 2008 financial crisis and to take advantage of new technology, which has revolutionized the practice of trading. This Very Short Introduction introduces readers with no previous background in this area to arbitrage theory and why it works the way it does. Illuminating pricing theory, Mark Davis explains its applications to interest rates, credit trading, fund management and risk management. He concludes with a survey of the most pressing issues in mathematical finance today. ABOUT THE SERIES: The Very Short Introductions series from Oxford University Press contains hundreds of titles in almost every subject area. These pocket-sized books are the perfect way to get ahead in a new subject quickly. Our expert authors combine facts, analysis, perspective, new ideas, and enthusiasm to make interesting and challenging topics highly readable.

Trust A Very Short Introduction

Ken Binmore's Game Theory : A Very Short Introduction ( Oxford University Press , 2007 ) has a chapter on reciprocity . Work on oxytocin is reviewed by Bartz , Zaki , Bolger , and Ochsner in ' Social Effects of Oxytocin in Humans ...

Author: Katherine Hawley

Publisher: Oxford University Press

ISBN: 9780199697342

Category: Philosophy

Page: 121

View: 419

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Katherine Hawley explores the key ideas about trust in this Very Short Introduction. Drawing on a wide range of disciplines including philosophy, psychology, and evolutionary biology, she emphasizes the nature and importance of trusting and being trusted, from our intimate bonds with significant others to our relationship with the state.

Characteristics of Games

Game Theory : A Very Short Introduction , by Ken Binmore . The " Very Short Introduction " series is quite good in general , and this intro to game theory is particularly nice . Lots of good examples , very readable . Game Theory and ...

Author: George Skaff Elias

Publisher: MIT Press

ISBN: 9780262542692

Category: Games & Activities

Page: 336

View: 915

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Understanding games--whether computer games, card games, board games, or sports--by analyzing certain common traits. Characteristics of Games offers a new way to understand games: by focusing on certain traits--including number of players, rules, degrees of luck and skill needed, and reward/effort ratio--and using these characteristics as basic points of comparison and analysis. These issues are often discussed by game players and designers but seldom written about in any formal way. This book fills that gap. By emphasizing these player-centric basic concepts, the book provides a framework for game analysis from the viewpoint of a game designer. The book shows what all genres of games--board games, card games, computer games, and sports--have to teach each other. Today's game designers may find solutions to design problems when they look at classic games that have evolved over years of playing.

Game Theory in Action

An Introduction to Classical and Evolutionary Models Stephen Schecter, Herbert Gintis. References. [1] K. Binmore, Game Theory: A Very Short Introduction, Oxford University Press, New York, 2007. [2] S. J. Brams, Game Theory and the ...

Author: Stephen Schecter

Publisher: Princeton University Press

ISBN: 9781400880881

Category: Business & Economics

Page: 320

View: 272

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The essential textbook for learning game theory strategies Game Theory in Action is a textbook about using game theory across a range of real-life scenarios. From traffic accidents to the sex lives of lizards, Stephen Schecter and Herbert Gintis show students how game theory can be applied in diverse areas including animal behavior, political science, and economics. The book's examples and problems look at such fascinating topics as crime-control strategies, climate-change negotiations, and the power of the Oracle at Delphi. The text includes a substantial treatment of evolutionary game theory, where strategies are not chosen through rational analysis, but emerge by virtue of being successful. This is the side of game theory that is most relevant to biology; it also helps to explain how human societies evolve. Aimed at students who have studied basic calculus and some differential equations, Game Theory in Action is the perfect way to learn the concepts and practical tools of game theory. Aimed at students who have studied calculus and some differential equations Examples are drawn from diverse scenarios, ranging from traffic accidents to the sex lives of lizards A substantial treatment of evolutionary game theory Useful problem sets at the end of each chapter

Algorithmic Game Theory

The Annals of Statistics 4(6), 1236–1239 (1976) Binmore, K.: Game theory - a very short introduction. Clarendon Press (2007) Carlsson, H., van Damme, E.: Global Games and Equilibrium Selection. Econometrica 61(5), 989–1018 (1993) Chwe, ...

Author: Maria Serna

Publisher: Springer

ISBN: 9783642339967

Category: Computers

Page: 263

View: 163

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This book constitutes the refereed proceedings of the 5th International Symposium on Algorithmic Game Theory, SAGT 2012, held in Barcelona, Spain, in October 2012. The 22 revised full papers presented together with 2 invited lectures were carefully reviewed and selected from 65 submissions. The papers present original research at the intersection of Algorithms and Game Theory and address various current topics such as solution concepts in game theory; efficiency of equilibria and price of anarchy; complexity classes in game theory; computational aspects of equilibria; computational aspects of fixed-point theorems; repeated games; evolution and learning in games; convergence of dynamics; coalitions, coordination and collective action; reputation, recommendation and trust systems; graph-theoretic aspects of social networks; network games; cost-sharing algorithms and analysis; computing with incentives; algorithmic mechanism design; computational social choice; decision theory, and pricing; auction algorithms and analysis; economic aspects of distributed computing; internet economics and computational advertising.