Books

Economics and the Theory of Games
Coercion, Contract and Free Labor in the Nineteenth Century (Cambridge Historical Studies in American Law & Society)
Reforming the State: Fiscal and Welfare Reform in Post-socialist Countries
Essays in Econometrics: Collected Papers of Clive W.J.Granger: Spectral Analysis, Seasonality, Nonlinearity Vol 1 (Econometric Society Monographs)
Technology, Learning and Innovation: Experiences of Newly Industrializing Economies
Economics and the Global Environment
Uncertainty, Production, Choice and Agency: The State-contingent Approach
Macroeconomics in Emerging Markets
Law and Market Economy: Reinterpreting the Values of Law and Economics
Rents, Rent-seeking and Economic Development: Theory and Evidence in Asia
Open Economy Macroeconomics
Monetary Policy in the Euro Area: Strategy and Decision-making at the European Central Bank
Modeling Monetary Economies
Economics and Language: Five Essays (Churchill Lectures in Economics S.)
Data Envelopment Analysis: Theory and Techniques for Economics and Operations Research
The Social Bases of Nazism, 1919-1933 (New Studies in Economic & Social History)
The History of Family Business, 1850-2000 (New Studies in Economic & Social History)
Emissions Scenarios: A Special Report of Working Group III of the Intergovernmental Panel on Climate Change
Methodological and Technological Issues in Technology Transfer: A Special Report of the Intergovernmental Panel on Climate Change
Economics of Agglomeration: Cities, Industrial Location and Regional Growth
Building Capitalism: The Transformation of the Former Soviet Bloc
The Social Costs of Underemployment: Inadequate Employment as Disguised Unemployment
The Monetary Theory of Production (Federico Caffe Lectures)
Knowledge and Competitive Advantage: The Coevolution of Firms, Technology, and National Institutions (Cambridge Studies in the Emergence of Global Enterprise)
Fiction, Famine and the Rise of Economics in Victorian Britain and Ireland (Cambridge Studies in Nineteenth-century Literature & Culture)

Average customer rating:

good read for those interested
A Decent Survey
Maybe for class but not for personal exploration...
An essential course in game theory.
To much Math.

A Course in Game Theory
Martin J. Osborne , and Ariel Rubinstein
Manufacturer: The MIT Press
ProductGroup: Book
Binding: Paperback

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Similar Items:

Game Theory: Analysis of Conflict
An Introduction to Game Theory
Game Theory
Game Theory for Applied Economists
Recursive Methods in Economic Dynamics

ASIN: 0262650401

Book Description

A Course in Game Theory presents the main ideas of game theory at a level suitable for graduate students and advanced undergraduates, emphasizing the theory's foundations and interpretations of its basic concepts. The authors provide precise definitions and full proofs of results, sacrificing generalities and limiting the scope of the material in order to do so. The text is organized in four parts: strategic games, extensive games with perfect information, extensive games with imperfect information, and coalitional games. It includes over 100 exercises.

Customer Reviews:

good read for those interested.......2007-03-01

This book is well organized in to the topics, one of the better books on game theory and explains it in a pretty easy to follow manner.

A Decent Survey.......2007-02-06

This book is a decent alternative to the Gibbons text (which I personally prefer). You could say this book is much more comprehensive and much more mathematical than Gibbons, though. My own opinion is that much of the game theory as described in this book is not general audience and sometimes very tedious if you are only interested in theory and not so much interested in real analysis.
If you find Gibbons to be too easy or way below your level, this book is one option. The more ideal option, though, would just be to start reading academic papers - as you are obviously ready to do so. That way you could get the knowledge first hand and wouldn't need to spend time on a very detailed second hand review of areas that may not be exactly what you are looking for.

Maybe for class but not for personal exploration..........2003-06-02

I agree with a previous review that this book is not good for individuals. Solutions to the excersizes are only available to educators. If the book is assigned for a class and the teacher has access to the solutions and can coach the student through the excersizes this is probably a great book because of it's depth. It is probably also a good reference book for those already familar with the subject.
However if you are like me and were looking for a strong book that will help a motivated individual learn game theory this book is not for you. I have tried many of the excersizes and I am still not positive that I my answers are correct. The material in the book is very complex but accessible, that is not the problem. The problem is the lack of development because I can not go over my answers to the excersizes and see what I did right and what I did wrong...

An essential course in game theory........2003-01-28

This was one of the first books I read in Game Theory, and definitely the hardest. Those who want a gentle introduction to the concepts of modern game theory might do better with a simpler text such as Gibbons. That said, there is no substitute for quality. The depth of analysis is entirely necessary to get to the meat of the theory.
Osborne and Rubinstein write extremely well, softening the blows of some of the more complicated concepts. Their own substantial publication records in the Game Theory literature do much to recommend their version of analysis over others.

To much Math........2002-05-04

To much math and not easy to understand.

Average customer rating:

Masterpiece
not bad
still on the frontier because of disinformation
An Elegant and Deep Treatment
Game Theory : Analysis of Conflict

Game Theory: Analysis of Conflict
Roger B. Myerson
Manufacturer: Harvard University Press
ProductGroup: Book
Binding: Paperback

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Similar Items:

A Course in Game Theory
Game Theory: A Nontechnical Introduction
The Compleat Strategyst: Being a Primer on the Theory of Games of Strategy
An Introduction to Game Theory
The Strategy of Conflict

ASIN: 0674341163

Book Description

Eminently suited to classroom use as well as individual study, Roger Myerson's introductory text provides a clear and thorough examination of the models, solution concepts, results, and methodological principles of noncooperative and cooperative game theory. Myerson introduces, clarifies, and synthesizes the extraordinary advances made in the subject over the past fifteen years, presents an overview of decision theory, and comprehensively reviews the development of the fundamental models: games in extensive form and strategic form, and Bayesian games with incomplete information.

Game Theory will be useful for students at the graduate level in economics, political science, operations research, and applied mathematics. Everyone who uses game theory in research will find this book essential.

Customer Reviews:

Masterpiece.......2004-03-24

This book is a masterpiece: it goes from the simple and straightforward (with examples of sequential equilibria) to technical and challenging material (such as the Mertens-Zamir type space). I own Fudenberg-Tirole and Osborne-Rubinstein, but it is Myerson that gets picked up the most. What I find most rewarding is that Myerson introduces everything gently, working from examples to build a general theory.

not bad.......2003-06-07

very comprehensive book. Covers pretty much everything. It's supposed to be a graduate text but undergrads can handle it as long as they know some math and aren't too scared by all the notation. Oh and Myerson is nice guy too.

still on the frontier because of disinformation.......2003-02-09

This book is not good only because it explains all well known difficult concepts which noone so far has been able to explain clearly and rigourosly in one book but for new important topics that are less known for the majority of game theorists. I'm refering to the idea of networks and cooperation structures and also cooperation under uncertainty with the idea of virtual utility.

An Elegant and Deep Treatment.......2000-06-13

I just completed a game theory book (Game Theory Evolving, Princeton University Press, 2000). To find the best way to present various materials, I went through virtually every game theory book in existence. For the presentation of the basic material on normal and extensive form games, nothing even came close to this book in clarity of presentation and depth of understanding of the issues. Most textbooks, even highly touted ones that are mathematically challenging, do not even come close, and rarely even present the material in a coherent form at all.

I used to do a lot of carpentry, and I always knew the good carpenters from the run of the mill. The latter talk about how to build stuff. The good ones talked about how you choose, preserve, treat, and sharpen your tools. Myerson is, for game theory, like the good carpenter, and this book is more about the nature of the tools of game theory than their deployment--although it is certainly that, too.

The subtitle of this book is silly ("The Analysis of Conflict"). Game theory is the analysis of cooperation as much as conflict, and much, much else as well. So is this book.

Game Theory : Analysis of Conflict.......2000-05-12

I found this book very helpful in my first year of the Ph D in Economics. I also have used MasColell and Kreps but Myerson was the only one that actually help me understanding complicated concepts as the always Hard Sequential Equilibrium. It is the only book that covers both, sequential and Perfect equilibrium with examples and solutions so that you understand what is going on. If you are willing to buy a Game Theory book I will definitely go for this one. If that is not enough you should also see that the cost benefit ratio of Myerson's book is undoubtly the best of any other one.

Adrian Peralta. Graduate Student University of Minnesota Economics Department

History: Fiction or Science? (Chronology, No. 1)

Average customer rating:

Accepted History & Chronology Must Be Changed.
Very Interesting
History as Science Fiction
Provocative, appealing and controversial
pharaohs lived in the 3rd century AD

History: Fiction or Science? (Chronology, No. 1)
Anatoly Fomenko
Manufacturer: Mithec
ProductGroup: Book
Binding: Paperback

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Similar Items:

History: Fiction or Science? Chronology 2 (Chronology)
Discovering the Mysteries of Ancient America: Lost History And Legends, Unearthed And Explored
Before the Pharaohs: Egypt's Mysterious Prehistory
Forbidden History: Prehistoric Technologies, Extraterrestrial Intervention, and the Suppressed Origins of Civilization
They Cast No Shadows: A Collection of Essays on the Illuminati, Revisionist History, and Suppressed Technologies

ASIN: 2913621058

Book Description

Recorded history is a finely-woven magic fabric of intricate lies about events predating the sixteenth century. There is not a single piece of evidence that can be reliably and independently traced back earlier than the eleventh century. This book details events that are substantiated by hard facts and logic, and validated by new astronomical research and statistical analysis of ancient sources.

Customer Reviews:

Accepted History & Chronology Must Be Changed. .......2007-04-09

There is no doubt that history as most know it is a sham, & institution's version of History both University & Church is fradulent & inaccurate. Everything was established with an agenda, The real "Dark Ages" are now when we have access to incredible amounts of information past authorities & more important 'common folk' didn't have but our institutions & educators are slow to evolve because of what has ignorantly & arrogantly been taught for too long. This is on many subjects not just Chronology.

For anyone to question "Why would a Mathematician have anything credible to say of History?" The answer is from Dr. Fomenko's preface in the book: "It would be worthwhile to remind the reader that in the XVI-XVII century Chronology was considered to be a subdivision of Mathematics." These volumes could possibly be some of the most important works to date & should be read by everyone with an interest in History, especially professors & educators who have a duty to the public. I have read both books & must say that 'Chronology 1' has some very eye opening & revolutionary information. Even if these volumes are part true the implications are profound & opens the doors to further investigations & questions which must be done. I speak several different lanquages & must say the logic Dr. Fomenko uses with "inflection" of words & words being read from left to right in one region & right to left in another then written backwards, the removal of vowels & get down to basics of words, or different cities & locations having the same name etc. is correct. Vowel usage has always been optional & varied, actually complicating linquistics & study. The first thing one has to understand is that words never had a fixed spelling in history like we do now, the spelling of words was mutable & regional, as well as names & titles of people were vast, varied & changed, NOTHING WAS FIXED or understood linear. Matters of Life & Death as well as financial profiteering yesterday & today were & are made with ignorant, illogical & conspiratorial views of history & reality, it's time people get closer to the Truth & society collectively grow up.

Very Interesting.......2007-03-07

It is a good proposal and I believe it will mature into something even better in the future. I think it deserves to be read.

History as Science Fiction.......2007-01-10

Anatoly Fomenko has written a very intriguing book, full of pictures, charts, and computer 'proof' of his thesis: backwards of AD900 we don't really know what happened or when. Between AD900 and AD1600 there is more certainty, but there is still a lot of fuzzy ground, and things don't get reliable until we get past the 1600's where the printing press made it very difficult for the perpetrators of this timeline manipulation to change anything that had been committed to print. The Dark Ages did not happen. Books were burned for a reason. One organization has doubled the actual length of its existence by expanding the real chronology. Read why.

I had always wondered why Christ died about AD33 and yet men waited until the 11th century to form the Knights Templar, the Cathars, etc and go after the Holy Land by force. Why the 1000 year gap? Turns out there wasn't more than a 10-12 year gap and he proves it using astronomy. This also implies that the planet is not as old as we have been told, and current Christian and other creationist scientists are already championing that idea without being aware of Fomenko's book. The two groups, creationist scientists and the Russian mathematical analysts corroborate each other. Fascinating.

Of course, all this flies in the face of what we have been told traditionally is the 'proper' chronology of western civilization, and most readers will experience 'cognitive dissonance' in reading this book. It means that our history going backwards from AD1600 becomes progressively more incorrect and unreliable until it cannot be trusted at all... in the space of 700-800 years.

Naturally, the curious, open-minded reader will want to know WHO did this, WHY, and did any of the events we think of as really ancient ever happen?
Dr. Fomenko is a respected scientist/mathematician at Moscow State University who has already answered these questions to the satisfaction of his initially skeptical colleagues. Most of them are now believers, a few still refuse to believe (the usual diehards), and of course the western press has ignored Fomenko's work -- for obvious reasons when you read the book. The ones who perpetrated this chronology ruse have a lot to answer for. They are still with us. That's why this book is a well-kept secret.

I gave the book a 4-star rating because I was unable to check out some of his claims; those I checked were as he said. But if even 1/3 of his claims are true, this punches a big hole in what we think is our history, the meaning of western civilization, our educational process (for repeating the ruse as gospel), and the trustworthiness of the organization that perpetrated this ruse, well-intentioned or not.

This book relates to current research into a Young Earth paradigm, to John Keel's discoveries about our planet, and Fr Malachi Martin's insights (in his now out-of-print books). We are indeed sheep who are manipulated and kept ignorant -- for a reason. While knowing what these men have to say may be the "booby prize" (as in: 'what can you do with this knowledge?'), it will provide interesting reading. Didn't someone say: "...and the Truth will set you free."?? For you to judge if this book contains the truth.

Provocative, appealing and controversial.......2006-08-02

Fomenko has succeeded to convincingly demonstrate the misconception about what "history" factually is... It is fiction and -like we can read and judge for ourselves- no science. It indeed is "make belief" only. I "discovered" Fomenko while studying the "old" history of Al Andaluz, Spain. Having found too many contradictions in available data, having seen too many forgeries as to pretend the importance of christianity for its decline, I ventured out to find Fomenko, who convinced me that we know little if anything for sure of the epoch before the XI-century. However, the integration of the Arabic-Islamic cultural history into the heavily distorted Western fails... There are some attempts to fit "the budding new religion" (Islam) into Fomenko's scheme, but they are too weak to be taken seriously and too often focussing on Turkey as the region where things started to influence the West, which is untrue at all.
Islam certainly was no "new religion" in the X-century. That the highly cultivated Al Andaluz ruler Mohammed-I could have been "mirrored" down in time into some myth about the "illiterate" founder of Islam itself is highly speculative. Nevertheless, Fomenko convinces me about the processes that were involved in forging a christian history. Intriguing and controversial as his books are, I recommend them as to rethink our current position in time and space and simply verify what was claimed. It is a "good" book, but not for bedtime reading... Mundus vult decipi, the world wants to be cheated. Fomenko's readers will understand why.

pharaohs lived in the 3rd century AD.......2006-02-16

Traces of white wine were found in Tutankhamen's tomb however there were no record of white wine in Egypt until the 3rd century AD, 1600 years after the young pharaoh died according to the traditional chronology. http://www.newscientist.com/channel/being-human/mg18925395.400
It can be interpreted as a contribution towards New Chronology theory that pharaohs lived in the 3rd century AD.

Co-Opetition : A Revolution Mindset That Combines Competition and Cooperation : The Game Theory Strategy That's Changing the Game of Business

Average customer rating:

Insightfull
Not a book to skim through
co-opetition is fascinating, innovative and practical
Co-Optetion
An Easy-To-Read Strategy Book

Co-Opetition : A Revolution Mindset That Combines Competition and Cooperation : The Game Theory Strategy That's Changing the Game of Business
Adam M. Brandenburger , and Barry J. Nalebuff
Manufacturer: Currency
ProductGroup: Book
Binding: Paperback

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Similar Items:

Thinking Strategically: The Competitive Edge in Business, Politics, and Everyday Life
Why Not?: How to Use Everyday Ingenuity to Solve Problems Big And Small
The Compleat Strategyst: Being a Primer on the Theory of Games of Strategy
Competition Demystified : A Radically Simplified Approach to Business Strategy
Game Theory: A Nontechnical Introduction

ASIN: 0385479506
Release Date: 1997-12-29

Book Description

Now available in paperback, with an all new Reader's guide, The New York Times and Business Week bestseller Co-opetition revolutionized the game of business. With over 40,000 copies sold and now in its 9th printing, Co-opetition is a business strategy that goes beyond the old rules of competition and cooperation to combine the advantages of both. Co-opetition is a pioneering, high profit means of leveraging business relationships.

Intel, Nintendo, American Express, NutraSweet, American Airlines, and dozens of other companies have been using the strategies of co-opetition to change the game of business to their benefit. Formulating strategies based on game theory, authors Brandenburger and Nalebuff created a book that's insightful and instructive for managers eager to move their companies into a new mind set.

Customer Reviews:

Insightfull.......2007-01-09

It is book to be re-readed and "worked" because it is thorough and with lots of ideas that transform in some way the way we should see competition and the interaction of a company with the market, its competitors, etc....

Its clear for all that the world is not so simple as us and the rest that compete with us but the authors books elaborate a framework for better understanding of the market complexity.

Enrique.

Not a book to skim through.......2006-10-20

I took Co-opetition with me to a coast-to-coast flight hoping to start practicing a fast reading method. Brad Feld explained on his blog how he succeeds to read 8(!) books a week: "(a) no TV, (b) no kids, (c) four to six hours a night of reading, and (d) the willingness / ability to skim when things are dull". So I thought to try the method with Co-opetition and to complete it on my way from Atlanta to Palo Alto. From all the requirements only the willingness/ability to skim wasn't provided upfront. After the first dozen of pages I understood that that's not a skim-through book.

Adam and Barry made a book sharing principles of strategy, tactics, and planning carrying away your attention by clear reasoning, crystal logic, plain English, and bright examples. The book can takes it place on one's shelf next to "Good to great", "Marketing warfare", and the books of Jeoffrey Moore but unlike the latter doesn't goo too far in the academic direction. Quite the contrary, it oozes real, top brand examples, spending 90% of the text describing the stories of failure and success and only 10% devoting to formulating principles and recapping the arguments.

The book consists of two parts: the game of business and the PARTS of strategy.

The first part (about 1/3 of the book) introduces the concept of the value net reminding in a certain way Porter's five forces. The authors present a square graph with the business placed in the crossing of the diagonals and customers/suppliers and competitors/complementers taking the opposite corners of the square. The book explains the theory of balanced forces and promotes principles and approaches symmetrically applicable to the corners of the net.

The war/piece preamble breaks the concept of known in advance friends and foes. Introducing multiple perspectives the authors claim that in the modern business world everything should be viewed through the prism of the net and simple definitions don't work anymore.

The PARTS (Players, Added value, Rules, Tactics, and Scope) are the components describing the game and depending on particular circumstances and targets the components have to be re-evaluated and re-mapped.

After introducing the concept the authors in the rest of the book religiously describe each of the components bringing tens of examples following and breaking the principles (and leading to success or failure correspondingly. Bright and bold marketing strategies of great companies leading to win-win situations with competitors, customers, suppliers, and complementers captivate you and don't let skim over. For every case of success the book brings a counter-example of failure as well cementing the principle and equally teaching and convincing the reader.

Among many other topics particular attention is devoted to such as how to manage negotiations, how to deal with perceptions, how to plan prices and avoid wars, how to establish and change rules, which tactics to apply, and how to analyze scopes.

Many new ideas flooded by almost detective business examples preclude me from skimming a paragraph in the book. A great pace with which the book expounding the matter, vivid examples, clear language, and strong (at times shocking) ideas make this book a solid must for everybody who deals with building, positioning, and rolling out products or services. Highly recommended!

co-opetition is fascinating, innovative and practical.......2006-08-09

I was lucky enough to read this book while being taught Game Theory & Business Strategy by Adam Brandenburger, who is unequivocally one of the best Professors I've had in B-school.

To the criticisms of this book that it does not include the theoretical aspects of game theory and modeling, that may be true, but the purpose is not necessarily theory but practical application. When I read this book, I was also in the process of reading and learning about specific game theory and actual games, so it tied together well. If that is what you are looking for, I recommend this approach.

In terms of what you will get: many "A-ha!" moments with regard to analyzing a competitive situation and how to take advantage of the opportunity available, including changing the game and learning who is really in a position of power.

A must read for anyone interested in learning how to leverage their position in the game of business strategy!

Co-Optetion.......2006-02-08

I was given this book to read by a Professor when i was doing a Masters Program, upon asking him that i want to know and read a little about Game Theory. Well i liked this book so much that i went online and a bought a copy of my own.

Although, this book was first published in 1996 and for what i reason that i am unable to comprehend is not available with all that ease in book stores. But it was an easy find on Amazon.Com.

This book is ideal for someone like me who saw the movie " A beautiful Mind" and was intrigued by what the main character was doing in the first half of the movie, when he uses Game Theory to come out with a result as to how they can all win without anyone actually losing.

What this book does for a student of Business is, it tells you with Umpteen real world examples; how to make use of game theory in business.

Their easy explanation of and the coining of the term 'The Value Net' is a prime example of what they have done in this book.

All in All, a very good read for everyone, I would highly recommend it to anyone, simply because it is easy to understand and tackles a complicated subject with ease.

An Easy-To-Read Strategy Book.......2006-01-22

The book's objective - "to paint a more complete picture of business relationships"

What the book tells you: The "players" in a business environment and how each of them interacts with you. How to apply the basic elements of any game - Players, Added Value, Rules, Tactics and Scope (PARTS) to your advantage, using the concept of game theory. In this respect, the authors have met their objective by way of using their model to explain real world examples. In making strategic moves, the authors believe that the best strategy may have multiple winners by making the pie bigger.

What the books does not tell you: the game theory itself. The book does not touch on the theoretical aspect of the game. Hence I was disappointed not being able to learn how to create my own game modeling or use simple mathematics to map out my own, and more dynamic, game.

The bottom line: an easy-to-read book to understand the mindset of all players in a game and how to make a strategic move that is beneficial to you.

Snipers, Shills, and Sharks: eBay and Human Behavior

Average customer rating:

Not terribly substantive, and not even that fun to read

Snipers, Shills, and Sharks: eBay and Human Behavior
Ken Steiglitz
Manufacturer: Princeton University Press
ProductGroup: Book
Binding: Hardcover

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The Black Swan: The Impact of the Highly Improbable
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ASIN: 0691127131

Book Description

Every day on eBay, millions of people buy and sell a vast array of goods, from rare collectibles and antiques to used cars and celebrity memorabilia. The internet auction site is remarkably easy to use, which accounts in part for its huge popularity. But how does eBay really work, and how does it compare to other kinds of auctions? These are questions that led Ken Steiglitz--computer scientist, collector of ancient coins, and a regular eBay user--to examine the site through the revealing lens of auction theory.

The result is this book, in which Steiglitz shows us how human behaviors in open markets like eBay can be substantially more complex than those predicted by standard economic theory. In these pages we meet the sniper who outbids you in an auction's closing seconds, the early bidder who treats eBay as if it were an old-fashioned outcry auction, the shill who bids in league with the seller to artificially inflate the price--and other characters as well. Steiglitz guides readers through the fascinating history of auctions, how they functioned in the past and how they work today in online venues like eBay. Drawing on cutting-edge economics as well as his own stories from eBay, he reveals practical auction strategies and introduces readers to the fundamentals of auction theory and the mathematics behind eBay.

Complete with exercises and a detailed appendix, this book is a must for sophisticated users of online auctions, and essential reading for students seeking an accessible introduction to the study of auction theory.

Customer Reviews:

Not terribly substantive, and not even that fun to read.......2007-05-01

I picked this book up with great anticipation after hearing about it from Marginal Revolution. As an avid ebay user for the past 5 years and an economics major back in college, I was hoping that I'd find some insightful nuggets on the inner workings of auction economics and psychology.

What I found instead was a somewhat tired text that did not have a whole lot to offer. The introductory chapters on various auction types were the best and mildly entertaining, but it went slowly downhill from there. It read more like a textbook than a book you'd want to read for pleasure. There is no math in the main text, by design. The author has chosen this to keep it readable to everyone, and keeps the formulas in the appendix. That's fine by me, and I wouldn't take off stars for that. The thing that boggs this book down is that there isn't much substance. He cites a few small studies here and there that aren't very conclusive and don't give me much insight on what works and doesn't work on ebay.

Average customer rating:

Excellent!
Great book for serious students!
good text book, but takes time and lots of thinking
Very good
excellent introduction (it's worth the money!)

Game Theory for Applied Economists
Robert Gibbons
Manufacturer: Princeton University Press
ProductGroup: Book
Binding: Paperback

Econometrics | Economics | Business & Investing | Subjects | Books

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Microeconomic Theory
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An Introduction to Game Theory

ASIN: 0691003955

Book Description

This book introduces one of the most powerful tools of modern economics to a wide audience: those who will later construct or consume game-theoretic models. Robert Gibbons addresses scholars in applied fields within economics who want a serious and thorough discussion of game theory but who may have found other works overly abstract. Gibbons emphasizes the economic applications of the theory at least as much as the pure theory itself; formal arguments about abstract games play a minor role. The applications illustrate the process of model building--of translating an informal description of a multi-person decision situation into a formal game-theoretic problem to be analyzed. Also, the variety of applications shows that similar issues arise in different areas of economics, and that the same game-theoretic tools can be applied in each setting. In order to emphasize the broad potential scope of the theory, conventional applications from industrial organization have been largely replaced by applications from labor, macro, and other applied fields in economics. The book covers four classes of games, and four corresponding notions of equilibrium: static games of complete information and Nash equilibrium, dynamic games of complete information and subgame-perfect Nash equilibrium, static games of incomplete information and Bayesian Nash equilibrium, and dynamic games of incomplete information and perfect Bayesian equilibrium.

Customer Reviews:

Excellent!.......2007-03-13

I had heard of game theory but had never been exposed to what it actually was or how games were viewed, setup or resolved. This book was part of a PhD Micro course and I found it very readable. We actually used two books, this one and the game theory section of MasColeel. The Mas book is very encyclopedic to me and dense reading. Gibbons' book gives the concepts and applictions in a straight-forward readable manner. Highly recommended, especially if you are new or somewhat new to game theory.

Great book for serious students!.......2006-11-07

Many readers have commented on how technical this book is. I agree, but keep in mind, this book was written for students who aim to become economists, and a certain degree of technical difficulty is imperative. I confess that I struggled through the book, and I often came upon huge obstacles. But none of the difficulties that I faced were due to the book itself, all of the struggles were due to my own limited ability. But I guarantee, once you get through this book, you will be able to "use" game theory, and probably even incorporate it in your next research project!

This book was written for those who wish to use game theory in their next research paper, and it does an excellent job of it. If you are only searching for a book to understand game theory, then this book is not for you. But if you want to "use" game theory, then look no further!

good text book, but takes time and lots of thinking.......2006-07-10

This is the kind of book that cannot be scanned through, but needs to be read word by word. Some steps are not fully described and thus readers need to put in some thoughts in the game process. It presents some very interesting ideas and teaches a good range of game-solving methods.

Very good.......2006-06-25

This is a very good textbook for scholars who are instereted in applying game theory into the modelling of practical problems. It is quite application oriented.

excellent introduction (it's worth the money!).......2006-04-25

I've used this book both as a textbook and as a reference in three game theory courses, both at the undergraduate and graduate levels. It doesn't cover some critical applications to contract theory, but other than that it's absolutely thorough and clear.

I don't know if it would be all that fun for someone just looking to dabble in game theory without any academic interests. I can recommend Strategy by Joel Watson for those folks - much more intuitive and has lots of examples. But if you're academically interested in game theory at all, you have to get this book. It's a great reference, and absolutely worth the money (I can't usually say that about my textbooks!).

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Playing for Real: A Text on Game Theory
Ken Binmore
Manufacturer: Oxford University Press, USA
ProductGroup: Book
Binding: Hardcover

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Does Game Theory Work? The Bargaining Challenge (Economic Learning and Social Evolution)
Repeated Games and Reputations: Long-Run Relationships
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ASIN: 0195300572

Book Description

Ken Binmore's previous game theory textbook, Fun and Games (D.C. Heath, 1991), carved out a significant niche in the advanced undergraduate market; it was intellectually serious and more up-to-date than its competitors, but also accessibly written. Its central thesis was that game theory allows us to understand many kinds of interactions between people, a point that Binmore amply demonstrated through a rich range of examples and applications. This replacement for the now out-of-date 1991 textbook retains the entertaining examples, but changes the organization to match how game theory courses are actually taught, making Playing for Real a more versatile text that almost all possible course designs will find easier to use, with less jumping about than before. In addition, the problem sections, already used as a reference by many teachers, have become even more clever and varied, without becoming too technical. Playing for Real will sell into advanced undergraduate courses in game theory, primarily those in economics, but also courses in the social sciences, and serve as a reference for economists.

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Straightforward intermediate microeconomics
misunderstanding
Lacks Links to Real World Economic Problems
Stop referring to graphs & fig. that are on the next page!
Does the job it was written for

Microeconomics
Michael L Katz , and Harvey S Rosen
Manufacturer: McGraw-Hill/Irwin
ProductGroup: Book
Binding: Hardcover

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Study Guide to Accompany Microeconomics
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Probability and Statistics for Engineering and the Sciences

ASIN: 0256171769

Book Description

This is a Microeconomic theory text for courses in economics departments and business schools.

Customer Reviews:

Straightforward intermediate microeconomics.......2004-07-16

this is by no means an introductory economics text.. It's an intermediate level textbook.. It assumes that the student is capable of certain mathematical techniques (you can't expect a beginner to calculate the optimal consumer choice using the Lagranges method in chapter 3! - and it gets worse)

It is true that most of the time you have to flip the page to find the graph that is being explained. However it didn't annoy me too much. It is actually good thing if you want to practice and draw the graph yourself.

The 2nd edition had some errors but in this edition (3rd) they are corrected as far as I could see.

About the authors:

Michael Katz - University of California at Berkeley. Received the Earl F. Cheit Outstanding Teaching Award in 1989 and 1993. Served as chief economist of the U.S. Federal Communications Commission.

Harvey Rosen - Princeton University, Fellow of the Econometric Society and a Research Associate of the National Bureau of Economic Research

misunderstanding.......2004-04-08

1. I did not read the book so I can not talk about the book, althoug I should have rate it otherwise I could not have submit this review! I rate it based on the info given by my professor of macroeconomics!
2. I want to make comments on the review of Mr. adoumri; I would say that he was disappointed with the book because, as can be seen from his review, hi actually wanted to learn things from macroeconomics, but unfortunatelly he took a book for microeconomics, so he is actually talking about apples having in mind pears!! :-)
One should be cautious when writing, as well as when reading other people's reviews!
Thank you!

Lacks Links to Real World Economic Problems.......2003-10-16

I am currently enrolled in a Microeconomics course at Columbia University, and I do not find this book easy to read at all, the reason being that the author makes no effort to link microeconomic concepts to real world problems. I have found my Macroeconomics textbook to be immensely more interesting because the concepts relate immediately to social issues and real world economic problems. For students who choose to study economics because of its insights into real world problems, this text may become frustrating. I suggest that the authors more examples of microeconomics in the real world, such as the explanation of "President Carter's Gasoline Tax" on page 106. When economic theory is taught with no reference to the real world, it makes some students less interested in the subject. I intended to study economics with the goal of gaining insight into social welfare problems and understanding government policies. Learning ratios and equations that simply determine how much tacos or hamburgers Sarah wants to eat was demotivating. As a result, I am trudging through my textbook (and class) and starting to wonder if this subject is worth studying.

Stop referring to graphs & fig. that are on the next page!.......2003-06-11

It's so annoying to read about graphs and figures that appear on the next page. If the authors are going to cite these visual tools have them on the same page whenever possible. Of course it is unrealistic to expect that everytime but in the K&R book this occurred 90% of the times. It's annoying when you have to flip the pages. This annoyance knocked 3 stars from what would have been a 5-star rating.

What's right about the text?

The economics is sound and the teaching is concise. Bravo in that regard.

Does the job it was written for.......2001-01-21

This is a very well written textbook. There are many textbooks out there on the markets and this one has been written with the beginning reader in mind. It is just too easy to scare the beginner with too-serious, too-academic dry language. Economics is fun to learn and the first textbook a student ever keeps in hand should make him interested, curious, wanting more and more, and of course, amused. The language of Katz and Rosen's textbook is by no means frivolous, but it is entertaining. They do not pull the rabbit out of the hat and startle the reader. Instead, they guide readers from familiar environment towards the unknown, always being down to earth and somehow, interestingly, economic theory sneaks in - in the meantime.

The order of theory presentation and the structure of the book really facilitate learning. I have used this book with the introductory microeconomics course, along with a few other ones - just for a test. They all preferred this one so we stuck with it for the remainder of the course.

In the middle of the book one finds a transparency with a graph, which, when applied, shows the effects of some parameter change. Excellent idea, as the student can see dynamically what happens with the application. It's like a hand-operated video... It's a pity that there is only one such transparency.

In summary, recommended for most introductory courses in microeconomics. it will keep students interested and will not scare them at all. Why want anything more?

Repeated Games and Reputations: Long-Run Relationships

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Repeated Games and Reputations: Long-Run Relationships
George J. Mailath , and Larry Samuelson
Manufacturer: Oxford University Press, USA
ProductGroup: Book
Binding: Hardcover

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Designing Economic Mechanisms
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ASIN: 0195300793

Book Description

Personalized and continuing relationships play a central role in any society. Economists have built upon the theories of repeated games and reputations to make important advances in understanding such relationships. Repeated Games and Reputations begins with a careful development of the fundamental concepts in these theories, including the notions of a repeated game, strategy, and equilibrium. Mailath and Samuelson then present the classic folk theorem and reputation results for games of perfect and imperfect public monitoring, with the benefit of the modern analytical tools of decomposability and self-generation. They also present more recent developments, including results beyond folk theorems and recent work in games of private monitoring and alternative approaches to reputations. Repeated Games and Reputations synthesizes and unifies the vast body of work in this area, bringing the reader to the research frontier. Detailed arguments and proofs are given throughout, interwoven with examples, discussions of how the theory is to be used in the study of relationships, and economic applications. The book will be useful to those doing basic research in the theory of repeated games and reputations as well as those using these tools in more applied research.

Behavioral Game Theory: Experiments in Strategic Interaction (The Roundtable Series in Behavioral Economics)

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Behavioral Game Theory: Experiments in Strategic Interaction (The Roundtable Series in Behavioral Economics)
Colin F. Camerer
Manufacturer: Princeton University Press
ProductGroup: Book
Binding: Hardcover

Strategy & Competition | Management & Leadership | Business & Investing | Subjects | Books

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Advances in Behavioral Economics (The Roundtable Series in Behavioral Economics)
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ASIN: 0691090394

Book Description

Game theory, the formalized study of strategy, began in the 1940s by asking how emotionless geniuses should play games, but ignored until recently how average people with emotions and limited foresight actually play games. This book marks the first substantial and authoritative effort to close this gap. Colin Camerer, one of the field's leading figures, uses psychological principles and hundreds of experiments to develop mathematical theories of reciprocity, limited strategizing, and learning, which help predict what real people and companies do in strategic situations. Unifying a wealth of information from ongoing studies in strategic behavior, he takes the experimental science of behavioral economics a major step forward. He does so in lucid, friendly prose.

Behavioral game theory has three ingredients that come clearly into focus in this book: mathematical theories of how moral obligation and vengeance affect the way people bargain and trust each other; a theory of how limits in the brain constrain the number of steps of "I think he thinks . . ." reasoning people naturally do; and a theory of how people learn from experience to make better strategic decisions. Strategic interactions that can be explained by behavioral game theory include bargaining, games of bluffing as in sports and poker, strikes, how conventions help coordinate a joint activity, price competition and patent races, and building up reputations for trustworthiness or ruthlessness in business or life.

While there are many books on standard game theory that address the way ideally rational actors operate, Behavioral Game Theory stands alone in blending experimental evidence and psychology in a mathematical theory of normal strategic behavior. It is must reading for anyone who seeks a more complete understanding of strategic thinking, from professional economists to scholars and students of economics, management studies, psychology, political science, anthropology, and biology.

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