Game Theory: A Very Brief And Non-technical Introduction
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€43.99
A01=Akoz Kemal Kivanc
A01=Nejat Anbarci
Author_Akoz Kemal Kivanc
Author_Nejat Anbarci
Bertrand Equilibrium
Category=KCA
Category=PBUD
Chess
Economics
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_nobargain
eq_non-fiction
Game Theory
John Nash
John von Neumann
Nash Equilibrium
Negotiation
Patronage Cycles
Prisoner's Dilemma
Screening Games
Signalling Games
Strategy
Ultimatum Game
War of Attrition
Product details
- ISBN 9781800617759
- Publication Date: 08 Jul 2025
- Publisher: World Scientific Europe Ltd
- Publication City/Country: GB
- Product Form: Paperback
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In this introductory text, we explain the key concepts and strategies of game theory, alongside the well-known 'games' in which these principles are put to the test. Instead of overwhelming the reader with complex equations and jargon, we unravel the fascinating world of game theory through engaging and entertaining narratives, presenting the fundamentals of the field in an accessible style. Perfect for students beginning their journeys in economic theory and general readers alike, this book will foster an understanding of the hidden strategies at play in all kinds of human interaction.Game theory, which can also be referred to as the science of strategy, is the study of how agents - individuals, firms, institutions and governments - make a decision when the outcome of their moves depends on the decisions of others. In these situations, the agents sometimes cooperate, sometimes clash, sometimes do both and sometimes act randomly. From low-stakes, everyday decisions to pivotal negotiations between international governments, game theory is applicable to all aspects of our lives as social beings.Among other applications of game theory, the book proposes a referee assignment system for football competitions like the English Premier League, incorporating team preferences for greater fairness. It also proposes an AI-based method to reduce chess draws, where moves are scored based on their proximity to optimal play, and the player with the highest score wins in the event of a draw.
