Apply game theory flexibly

Author: (USA) James M. Buchanan
Translator: Li Shaorong
Country: USA
Publisher:
Publish Date: 2006-01-01
Features: We are often intimidated by the numerous mathematical models in game theory books. In reality, game theory is not a trick used by scholars to deceive others but a general analytical method. After reading this book, you will no longer believe that game theory is a mystical science detached from your daily life, but rather see it as an effective method for analyzing and describing the things around you. This book explains the analytical methods of game theory and its various real-world applications in detail, accurately, and comprehensively using language that everyone can understand. It also provides a detailed introduction to the theories of Ostrom and Lin, the 2005 Nobel laureates in Economics. For example, it explains some useful strategies derived from Schelling's analysis of social conflicts—such as demanding a raise, giving up control, and cutting ties—in simple language. Additionally, it uses everyday examples to illustrate Ostrom's repeated games.