Strategy : an introduction to game theory / Joel Watson.

Format:

Book

Author/Creator:

Watson, Joel.

Contributor:

Alumni and Friends Memorial Book Fund.

Language:

English

Subjects (All):

Game theory.

Economics--Psychological aspects.

Economics.

Strategic planning.

Physical Description:

xvii, 404 pages : illustrations ; 24 cm

Edition:

Second edition.

Place of Publication:

New York : W.W. Norton, [2008]

Summary:

In this innovative textbook, Joel Watson adopts a refreshing new format for teaching game theory to advanced undergraduates. The book is rigorous and mathematically precise but also extremely careful in its focus on using the simplest possible models and least complicated mathematics necessary. Another innovation of the book is the way in incorporates elements of contemporary contract theory into the exposition, in a format that is highly engaging for students and easily adapted to the standard coverage familiar to teachers.

Contents:

The extensive form

Strategies and the normal form

Beliefs, mixed strategies, and expected payoffs

General assumptions and methodology

Dominance and best response

Rationalizability and iterated dominance

Location and partnership

Nash equilibrium

Oligopoly, tariffs, crime, and voting

Mixed-strategy Nash equilibrium

Strictly competitive games and security strategies

Contract, law, and enforcement in static settings

Details of the extensive form

Backward induction and subgame perfection

Topics in industrial organization

Parlor games

Bargaining problems

Analysis of simple bargaining games

Games with joint decisions; negotiation equilibrium

Unverifiable investment, hold up, options, and ownership

Repeated games and reputation

Collusion, trade agreements, and goodwill

Random events and incomplete information

Risk and incentives in contracting

Bayesian nash equilibrium and rationalizability

Lemons, auctions, and information aggregation

Perfect Bayesian equilibrium

Job-market signaling and reputation.

Notes:

Includes bibliographical references and index.

Local Notes:

Acquired for the Penn Libraries with assistance from the Alumni and Friends Memorial Book Fund.

ISBN:

9780393929348

0393929345

OCLC:

144330953