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Games for Business and Economics 1st Edition
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Top Customer Reviews
This should be the first text to anyone seriously thinking of learning Game Theory
The second edition presents a much more polished text, but several errors remain. I cannot understand how is this possible, with almost ten years between the two editions. Even worse, the new additions to the text contain errors as well!
- Just one example of an old mistake also present in the first edition: the blackjack game (p 44) has errors in the calculation of the probabilities. The Figure 2.13 last probabilities are not 1/2 and 1/2, but 2/3 and 1/3.
- Another example, this time of a new mistake in a new figure: The Figure 2.9.a Eu = 1 value is wrong. It should be Eu = 0.6.
- Gardner introduces a new Appendix for explaining the Bayes' rule (p. 268-270), and there is a stupid mistake again. In page 270 we have p(B/A') = .01, and he replaces p(B/A') with .04 in p(B) = P(B/A)p(A)+ p(B/A')p(A'), so all the following results are wrong.
There are also mistakes in the on-line resources for the instructors: many problems' solutions contains errors in the calculations!
Etc, etc, etc...
The real problem with this book is this. The approach is very interesting but the book is a minefield due to the many, many typos, errors, mistakes and wrong calculations.
It cannot be recommended as a manual for a course because of this reason.
Hope this helps and best of luck with those who will be using this text.