This text looks at game theory and its uses as a tool to enable people to make strategic decisions. The second edition continues to contain a lucid presentation of theory followed by application chapters, therefore emphasising the practical aspects of game theory. The text is divided into five parts allowing the logical selection of material based on teaching needs. *Easy-to-use and accessible organisation of material. *At least one boxed 'side-bar' per chapter, presenting real-world examples from media sources which help to support chapter concepts. *Side-bar boxes also report on experimental/empirical evidence on models discussed in text. *Key theorems and definitions are highlighted.
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Most Helpful Customer Reviews
23 of 24 people found the following review helpful:
4.0 out of 5 stars
A good introduction in game theory,
By Peter (UK) - See all my reviews
This review is from: Game Theory with Economic Applications (2nd Edition) (Paperback)
I use this book as a part of advanced ug micro component at one of the UK universities. The book uses a clear concept-building approach with examples. I give B/F four stars since the fifth star is yet to be earned in subsequent editions. Why? There are simply far too many mistakes left in this edition. Which cannot be tolerated when game theory is the subject of discussion. Just try to work through examples involving perfect Bayesian equilibria. Your solution just won't match the one provided in the text. And it turns out it is not you who is stupid. The game tree has a wrong payoff at one of the terminal nodes. :)))
2 of 2 people found the following review helpful:
3.0 out of 5 stars
Great ideas, poor execution,
By a professor (New York, NY United States) - See all my reviews
This review is from: Game Theory with Economic Applications (2nd Edition) (Paperback)
I like this book and would happily use it for advanced undergrad courses due to the number of practical economic examples. However, there are so many mathematical errors that it is just too frustrating for both students and professors.
5.0 out of 5 stars
Basic concepts in the simplest way,
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This review is from: Game Theory with Economic Applications (2nd Edition) (Paperback)
I am quite satisfied with this book.
I have tried numerous books which deal with economic applications of Game Theory, but I believe that this book describes the basic concepts in simplest way! Specifically, the concept of Information asymmetry and Signaling games.
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