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Game Theory:A Nontechnical Introduction to the Analysis of Strategy

Author

Listed:
  • Roger A McCain

    (Drexel University, USA)

Abstract

As with the previous editions, this fourth edition relies on teaching by example and the Karplus Learning Cycle to convey the ideas of game theory in a way that is approachable, intuitive, and interdisciplinary. Noncooperative equilibrium concepts such as Nash equilibrium, mixed strategy equilibria, and subgame perfect equilibrium are systematically introduced in the first half of the book. Bayesian Nash equilibrium is briefly introduced. The subsequent chapters discuss cooperative solutions with and without side payments, rationalizable strategies and correlated equilibria, and applications to elections, social mechanism design, and larger-scale games. New examples include panic buying, supply-chain shifts in the pandemic, and global warming.

Suggested Citation

  • Roger A McCain, 2023. "Game Theory:A Nontechnical Introduction to the Analysis of Strategy," World Scientific Books, World Scientific Publishing Co. Pte. Ltd., number 13043, August.
    • Handle: RePEc:wsi:wsbook:13043
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    More about this item

    Keywords

    Game Theory; Nash Equilibrium; Prisoner's Dilemma; Randomized Strategies; Cooperative Solutions; Bayesian Nash Equilibrium; Coordination Problem; Social Mechanism Design; Tipping Point; Rationalizable Strategies; Correlated Equilibrium;
    All these keywords.

    JEL classification:

    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
    • C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games

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