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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. The Name Of The Game -- Chance -- Time -- Conventions -- Reciprocity -- Information -- Auctions -- Evolutionary Biology -- Bargaining And Coalitions -- Puzzles And Paradoxes. Ken Binmore. Includes Bibliographical References (p. 175-180) And Index.
How can individuals and organizations apply mathematical models to make rational decisions in competitive and cooperative environments? Ken Binmore, a prominent economist and expert in game theory, utilizes his extensive academic background to distill complex strategic interactions into a accessible framework. The text argues that game theory provides a rigorous method for analyzing outcomes in fields ranging from biology to economics by identifying the underlying logic of human and animal behavior.
What You Will Find
Scope Limits
Experts frequently cite this work as a concise and reliable entry point for those seeking to understand the foundations of strategic interaction. Readers often note that while the prose is accessible, it maintains a high level of intellectual rigor suitable for students and curious laypeople alike.
Page Count:
0
Publication Date:
1900-01-01
Publisher:
Oxford University Press,
ISBN-10:
0191551171
ISBN-13:
9780191551178
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