Newly Composed Game Theory Plain Talk

Author: Wang Zekuo
Publisher:
Publish Date: 2003-11-01
Features: CITIC Wang Zekuo Book Series. Game theory is undergoing a revolution in economics, and people are showing great enthusiasm for understanding game theory. This is because modern economic activities have long gone beyond the models discussed in traditional economics. This book introduces the description of games, methods for seeking Nash equilibrium, and demonstrates concepts such as win-win outcomes, first-mover advantage, second-mover advantage, commitments, threats, and their credibility, as well as the role of information in games. Research in game theory also shows that people's social and market behaviors often cannot be reduced to pure "rational behavior," and the emerging experimental economics reflected in this book.