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Lecture Notes in Microeconomic Theory: The Economic Agent [Paperback]

Ariel Rubinstein (Author)
5.0 out of 5 stars  See all reviews (2 customer reviews)

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Book Description

0691120315 978-0691120317 January 2, 2006

Lecture Notes in Microeconomic Theory is the first publication of Ariel Rubinstein's lecture notes from the first part of his well-known course in microeconomic theory, which he has taught for fifteen years to first-year graduate students at Tel Aviv, Princeton, and New York universities. The book will be an invaluable supplement to primary textbooks in microeconomic theory. Conveying the style and method of Rubinstein's lectures, it will benefit teachers and research economists as well as students. The book focuses on and provides a critical assessment of models of rational economic agents, and it contains a large number of original problems.

Rubinstein, one of the world's most-respected economics theorists, has made substantial contributions to several fields in economics, particularly game theory. His work is characterized by an unusual combination of deep originality and surprising simplicity. He is probably best known for his contributions to the bargaining problem and, more recently, to bounded rationality.



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Editorial Reviews

Review

Ariel Rubinstein is one of the most original and provocative theorists of his generation. These notes, coming from his teaching of graduate microeconomics, exhibit his originality and clarity of thought. Students interested in mastering the foundations of microeconomics will benefit from studying these notes in conjunction with one of the more standard texts.
(David M. Kreps, Paul E. Holden Professor of Economics, Graduate School of Business, Stanford University, and author of "A Course in Microeconomic Theory" (Princeton) ) --This text refers to the Hardcover edition.

From the Inside Flap

"Ariel Rubinstein is one of the most original and provocative theorists of his generation. These notes, coming from his teaching of graduate microeconomics, exhibit his originality and clarity of thought. Students interested in mastering the foundations of microeconomics will benefit from studying these notes in conjunction with one of the more standard texts."--David M. Kreps, Paul E. Holden Professor of Economics, Graduate School of Business, Stanford University, and author of A Course in Microeconomic Theory (Princeton)

"This book will be a valuable addition to the small collection of high-level texts in microeconomics. It is distinguished by Rubinstein's characteristic skill in choice of topics and exposition, and by his unique perspective on economic theory and game theory. At the same time, it will be accessible to a wide range of students."--Vincent Crawford, Distinguished Professor of Economics, University of California at San Diego

"Ariel Rubinstein is one of the most thoughtful economic theorists. His lecture notes clearly distinguish between rationality-based models as useful objects of mathematical study, and using other kinds of math to incorporate psychological limits on rationality in a disciplined way. This two-pronged perspective gives the book a distinctive twist. It will be widely used by students and teachers, and its interesting ideas about bounded rationality and behavior are unique."--Colin F. Camerer, Axline Professor of Business Economics, Caltech, and author of Behavioral Game Theory (Princeton/Russell Sage Foundation)

--This text refers to the Hardcover edition.

Product Details

  • Paperback: 160 pages
  • Publisher: Princeton University Press (January 2, 2006)
  • Language: English
  • ISBN-10: 0691120315
  • ISBN-13: 978-0691120317
  • Product Dimensions: 9 x 6 x 0.5 inches
  • Shipping Weight: 8.8 ounces (View shipping rates and policies)
  • Average Customer Review: 5.0 out of 5 stars  See all reviews (2 customer reviews)
  • Amazon Best Sellers Rank: #1,036,129 in Books (See Top 100 in Books)

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3 of 3 people found the following review helpful:
5.0 out of 5 stars Excellent, well written, January 2, 2008
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This review is from: Lecture Notes in Microeconomic Theory: The Economic Agent (Paperback)
Rubinstein's notes are fantastic and live up to the reputation of his lectures. They are a far cry from the microeconomics classes I've taken. In fact they put them quite to shame. I highly recommend this. Additionally, Rubinstein never confuses the assumptions of economic models for fact. This crucial distinction needs to be recognized by as many as possible if the field of economics is ever to reach its greatest potential.

This collection includes exercises for each lecture. It is well worth buying.
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5.0 out of 5 stars One of the best by one of the best, April 3, 2011
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Clear, insightful, precise, as the lectures of the man himself. The great Ariel Rubinstein at his best. A must-read for every economist.
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Inside This Book (learn more)
First Sentence:
Although we are on our way to constructing a model of rational choice, we begin the course with an "exercise": formulating the notion of "preferences" independently of the concept of choice. Read the first page
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
continuous preference relation, indirect preferences, utility representation, lexicographic preferences, weak axiom, strong monotonicity, preference relations, indirect utility function, first commodity, expected utility theory
Key Phrases - Capitalized Phrases (CAPs): (learn more)
Bibliographic Notes Recommended, Tel Aviv
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