Description
An Introduction to Game Theory provides a systematic introduction to the principles and methods used to analyze strategic interactions among rational decision-makers. The book develops fundamental concepts including strategic games, Nash equilibrium, mixed strategies, extensive games, backward induction, Bayesian games, repeated games, bargaining, coalitional games, and evolutionary equilibrium. It uses examples and applications from economics, politics, social science, and biology to demonstrate how game-theoretic reasoning can be used to analyze situations in which the choices of one individual or organization affect the outcomes of others. Through precise explanations, illustrations, and numerous exercises, the book develops an understanding of strategic decision-making and the major models of modern game theory. It is a useful resource for students studying economics and other social and behavioral sciences.
