Game Theory And Mutual Misunderstanding

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Game Theory and Mutual Misunderstanding

Mamoru Kaneko
Game Theory and Mutual Misunderstanding Book PDF

Author : Mamoru Kaneko
Publisher : Springer Science & Business Media
Page : 264 pages
File Size : 50,5 Mb
Release : 2005
Category : Business & Economics
ISBN : 3540222952

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Game Theory and Mutual Misunderstanding by Mamoru Kaneko Pdf

This book consists of five acts and two interludes, which are all written as dialogues between three main characters and other supporting characters. Each act discusses the epistemological, institutional and methodological foundations of game theory and economics, while using various stories and examples. A featured aspect of those discussions is that many forms of mutual misunderstanding are involved in social situations as well as in those fields themselves. One Japanese traditional comic story called the Konnyaku Mondo is representative and gives hints of how our thought is constrained by incorrect beliefs. Each dialogue critically examines extant theories and common misunderstanding in game theory and economics in order to find possible future developments of those fields.

Game Theory and Mutual Misunderstanding

Mamoru Kaneko
Game Theory and Mutual Misunderstanding Book PDF

Author : Mamoru Kaneko
Publisher : Springer Science & Business Media
Page : 256 pages
File Size : 49,8 Mb
Release : 2005-11-13
Category : Business & Economics
ISBN : 9783540268123

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Game Theory and Mutual Misunderstanding by Mamoru Kaneko Pdf

This book consists of five acts and two interludes, which are all written as dialogues between three main characters and other supporting characters. Each act discusses the epistemological, institutional and methodological foundations of game theory and economics, while using various stories and examples. A featured aspect of those discussions is that many forms of mutual misunderstanding are involved in social situations as well as in those fields themselves. One Japanese traditional comic story called the Konnyaku Mondo is representative and gives hints of how our thought is constrained by incorrect beliefs. Each dialogue critically examines extant theories and common misunderstanding in game theory and economics in order to find possible future developments of those fields.

Game Theory

Quiming Huang
Game Theory Book PDF

Author : Quiming Huang
Publisher : BoD – Books on Demand
Page : 190 pages
File Size : 47,5 Mb
Release : 2010-09-27
Category : Computers
ISBN : 9789533071329

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Game Theory by Quiming Huang Pdf

Game theory provides a powerful mathematical framework that can accommodate the preferences and requirements of various stakeholders in a given process as regards the outcome of the process. The chapters' contents in this book will give an impetus to the application of game theory to the modeling and analysis of modern communication, biology engineering, transportation, etc...

Value Solutions in Cooperative Games

Roger A McCain
Value Solutions in Cooperative Games Book PDF

Author : Roger A McCain
Publisher : World Scientific
Page : 236 pages
File Size : 53,9 Mb
Release : 2013-03-07
Category : Business & Economics
ISBN : 9789814417419

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Value Solutions in Cooperative Games by Roger A McCain Pdf

This book introduces new concepts for cooperative game theory, and particularly solutions that determine the distribution of a coalitional surplus among the members of the coalition. It also addresses several generalizations of cooperative game theory. Drawing on methods of welfare economics, new value solutions are derived for Non-Transferable Utility games with and without differences of bargaining power among the members of the coalition. Cooperation in intertemporal games is examined, and conditions that permit the reduction of these games to games in coalition function form are outlined. Biform games and games that combine non-cooperative search and matching of coalition members with cooperative solutions (i.e., efficient contracts) within the coalition are considered. Contents:Value Solutions for Superadditive Transferable Utility Games in Coalition Function FormZeuthen–Nash BargainingNontransferable Utility Games and Games in Partition Function FormA Shapley Value Algorithm for Games in Partition Function FormExtension of the Nucleolus to Nontransferable Utility Games in Partition Function FormA Core Imputation with Variable Bargaining PowerBargaining Power Biform GamesIntertemporal Cooperative Games: A Sketch of a TheoryA Theory of Enterprise Readership: Graduate students and researchers in the field of game theory. Keywords:Cooperative Games;Value;Imputation;Bargaining TheoryKey Features:Proposes a value solution for games of two or more players that: (i) is the Nash bargaining solution in a special case, (ii) allows for unsymmetrical bargaining power, (iii) allows for group-to-group bargaining, and (iv) is always a point in the core of the game if the game is not nullUses methods from mathematical welfare economics to bridge the gap from non-transferable utility to transferable utilityRelying on Biform Games (Brandenburger and Stuart), constructs a model of cooperative value creation in coalitions formed by non-cooperative search and matching

Law, Economics, and Game Theory

John Cirace
Law Economics and Game Theory Book PDF

Author : John Cirace
Publisher : Lexington Books
Page : 474 pages
File Size : 47,8 Mb
Release : 2018-04-16
Category : Business & Economics
ISBN : 9781498549097

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Law, Economics, and Game Theory by John Cirace Pdf

This book uses game theory to explain conflict between individual self-interested behavior and cooperation in economic markets, lawsuits, and legislative bodies. It demonstrates the need for social regulation in addition to free markets and judicial decisions in common law cases.

Essays in Dynamic General Equilibrium Theory

Alessandro Citanna,John Donaldson,H. Polemarchakis,Paolo Siconolfi,Stephen Spear
Essays in Dynamic General Equilibrium Theory Book PDF

Author : Alessandro Citanna,John Donaldson,H. Polemarchakis,Paolo Siconolfi,Stephen Spear
Publisher : Springer Science & Business Media
Page : 278 pages
File Size : 42,8 Mb
Release : 2006-01-11
Category : Business & Economics
ISBN : 9783540271925

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Essays in Dynamic General Equilibrium Theory by Alessandro Citanna,John Donaldson,H. Polemarchakis,Paolo Siconolfi,Stephen Spear Pdf

In the area of dynamic economics, David Cass’s work has spawned a number of important lines of research, including the study of dynamic general equilibrium theory, the concept of sunspot equilibria, and general equilibrium theory when markets are incomplete. Based on these contributions, this volume contains new developments in the field, written by Cass's students and co-authors.

Modeling Foundations of Economic Property Rights Theory

Vesna Pasetta
Modeling Foundations of Economic Property Rights Theory Book PDF

Author : Vesna Pasetta
Publisher : Springer Science & Business Media
Page : 248 pages
File Size : 47,7 Mb
Release : 2006-03-30
Category : Business & Economics
ISBN : 9783540277842

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Modeling Foundations of Economic Property Rights Theory by Vesna Pasetta Pdf

This is an introduction to the foundations of economic property rights t- ory (EPRT). In this volume, a ?rst step in the EPRT research program, rules concerningeconomicpropertyrights(e. p. r. s),entrepreneurialagreements,and enterprises are discussed. Introduced concept of e. p. r. s is an extension of the traditional concept of pairing of residual rights of control and residual rights of returns in the economic theory. Its importance in economics is generated fromageneralimpossibilityofmakingacompletecontract,concerninge. p. r. s, for any nontrivial economic transaction. The volume o?ers a theoretical - tension of mathematical economics, applying recent results of Hopf algebras, quasi-Hopf algebras, representation theory, theory of categories, and defor- tion theories, in looking for suitable mathematical methodology of economic property rights theories and foundations of general theory of economic agr- ments. The idea is to construct a kind of mathematical application in which any fundamental formal entity and/or operation has an empirical economic interpretation. This approach is seen as a way to cope with an extreme c- plexity of economic phenomena under consideration and requests for precise formulationofmodelswheremeaningfulanswersandsolutionsofproblemsare only those which are obtained rigorously. The proposed extensions in ma- ematical economics and property rights theory are to provide rich enough foundations to follow complexity of economic property rights in the exact way, and to identify where there is an appropriate method providing a- quate solution, and also to ?nd problems where in general there is no such methodology.

Criminal Dilemmas

Katri K. Sieberg
Criminal Dilemmas Book PDF

Author : Katri K. Sieberg
Publisher : Springer Science & Business Media
Page : 213 pages
File Size : 49,7 Mb
Release : 2006-03-30
Category : Social Science
ISBN : 9783540277620

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Criminal Dilemmas by Katri K. Sieberg Pdf

An analysis of criminal behavior from the perspectives of rational choice theory leading to suggestions for a criminal policy. Previous edition sold 900 copies world wide since its release in June 2001.

Recent Developments on Money and Finance

Gabriele Camera
Recent Developments on Money and Finance Book PDF

Author : Gabriele Camera
Publisher : Springer Science & Business Media
Page : 268 pages
File Size : 53,7 Mb
Release : 2006-01-09
Category : Business & Economics
ISBN : 9783540295006

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Recent Developments on Money and Finance by Gabriele Camera Pdf

Assembles theoretical contributions to monetary theory, banking and finance. This book includes papers spanning themes from monetary policy to the optimal design of financial systems, and from the study of the causes of financial crises to payment systems design. It serves as a reference to researchers interested in the study of financial systems.

Institutions, Equilibria and Efficiency

Christian Schultz,Karl Vind
Institutions Equilibria and Efficiency Book PDF

Author : Christian Schultz,Karl Vind
Publisher : Springer Science & Business Media
Page : 380 pages
File Size : 54,6 Mb
Release : 2006-04-22
Category : Business & Economics
ISBN : 9783540281610

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Institutions, Equilibria and Efficiency by Christian Schultz,Karl Vind Pdf

Competition and efficiency is at the core of economic theory. This volume collects papers of leading scholars, which extend the conventional general equilibrium model in important ways: Efficiency and price regulation are studied when markets are incomplete and existence of equilibria in such settings is proven under very general preference assumptions. The model is extended to include geographical location choice, a commodity space incorporating manufacturing imprecision and preferences for club-membership, schools and firms. Inefficiencies arising from household externalities or group membership are evaluated. Core equivalence is shown for bargaining economies. The theory of risk aversion is extended and the relation between risk taking and wealth is experimentally investigated. Other topics include determinacy in OLG with cash-in-advance constraints, income distribution and democracy in OLG, learning in OLG and in games, optimal pricing of derivative securities, the impact of heterogeneity at the individual level for aggregate consumption, and adaptive contracting in view of uncertainty.

Irreversible Decisions under Uncertainty

Svetlana Boyarchenko,Sergei Levendorskii
Irreversible Decisions under Uncertainty Book PDF

Author : Svetlana Boyarchenko,Sergei Levendorskii
Publisher : Springer Science & Business Media
Page : 292 pages
File Size : 49,8 Mb
Release : 2007-08-26
Category : Business & Economics
ISBN : 9783540737469

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Irreversible Decisions under Uncertainty by Svetlana Boyarchenko,Sergei Levendorskii Pdf

Here, two highly experienced authors present an alternative approach to optimal stopping problems. The basic ideas and techniques of the approach can be explained much simpler than the standard methods in the literature on optimal stopping problems. The monograph will teach the reader to apply the technique to many problems in economics and finance, including new ones. From the technical point of view, the method can be characterized as option pricing via the Wiener-Hopf factorization.

Rationality and Equilibrium

Charalambos D. Aliprantis,Rosa L. Matzkin,Daniel L. McFadden,James C. Moore,Nicholas C. Yannelis
Rationality and Equilibrium Book PDF

Author : Charalambos D. Aliprantis,Rosa L. Matzkin,Daniel L. McFadden,James C. Moore,Nicholas C. Yannelis
Publisher : Springer Science & Business Media
Page : 254 pages
File Size : 55,5 Mb
Release : 2006-04-20
Category : Business & Economics
ISBN : 9783540295785

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Rationality and Equilibrium by Charalambos D. Aliprantis,Rosa L. Matzkin,Daniel L. McFadden,James C. Moore,Nicholas C. Yannelis Pdf

This book contains a collection of original and state-of-the-art contributions in rational choice and general equilibrium theory. Among the topics are preferences, demand, equilibrium, core allocations, and testable restrictions. The contributing authors are Daniel McFadden, Rosa Matzkin, Emma Moreno-Garcia, Roger Lagunoff, Yakar Kannai, Myrna Wooders, James Moore, Ted Bergstrom, Luca Anderlini, Lin Zhou, Mark Bagnoli, Alexander Kovalenkov, Carlos Herves-Beloso, Michaela Topuzu, Bernard Cornet, Andreu Mas-Colell and Nicholas Yannelis.

Evolutionary Foundations of Equilibria in Irrational Markets

Guo Ying Luo
Evolutionary Foundations of Equilibria in Irrational Markets Book PDF

Author : Guo Ying Luo
Publisher : Springer Science & Business Media
Page : 207 pages
File Size : 41,8 Mb
Release : 2011-11-19
Category : Business & Economics
ISBN : 9781461407126

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Evolutionary Foundations of Equilibria in Irrational Markets by Guo Ying Luo Pdf

One of the core building blocks of traditional economic theory is the concept of equilibrium, a state of the world in which economic forces are balanced and in the absence of external influences the values of economic variables remain static. Many traditional equilibrium models, or equilibria, are established based on the rational behavior of individuals within financial markets, such as traders, market analysts, and investing firms, and their ability to maximize profits, no matter the cost. Yet what happens when these market participants behave in an irrational manner, and how does this impact economic equilibria? Contemporary economists have agreed that a process similar to Darwin’s Theory of Natural Selection takes over, whereby equilibria are shaped not by the behavior of individual participants but by an environment outside its control (i.e., an environment with little concern for maximizing profits). It is an environment in which those “selected” produce positive financial gains, but have no regard for how it was obtained or underlying motivations—and those participants suffering losses disappear altogether. Evolutionary Foundations of Equilibria in Irrational Markets proves traditional economic equilibria continue to occur despite natural selection in irrational markets. It covers a wide sampling of equilibria under various scenarios, and each chapter addresses the results of these models at an aggregate level. The text is supplemented with charts and figures to drive home key findings and proofs, making it of interest to students and researchers in the areas of economics and behavioral finance.

Multidimensional Screening

Suren Basov
Multidimensional Screening Book PDF

Author : Suren Basov
Publisher : Springer Science & Business Media
Page : 212 pages
File Size : 41,5 Mb
Release : 2005-11-19
Category : Business & Economics
ISBN : 9783540273134

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Multidimensional Screening by Suren Basov Pdf

In many industries the tariffs are not strictly proportional to the quantity purchased, i. e, they are nonlinear. Examples of nonlinear tariffs include railroad and electricity schedules and rental rates for durable goods and space. The major justification for the nonlinear pricing is the existence of private information on the side of consumers. In the early papers on the subject, private information was captured either by assuming a finite number of types (e. g. Adams and Yellen, 1976) or by a unidimensional continuum of types (Mussa and Rosen, 1978). Economics of the unidimen sional problems is by now well understood. The unidimensional models, however, do not cover all the situations of practical interest. Indeed, often the nonlinear tariffs specify the payment as a function of a variety of characteristics. For example, railroad tariffs spec ify charges based on weight, volume, and distance of each shipment. Dif ferent customers may value each of these characteristics differently, hence the customer's type will not in general be captured by a unidimensional characteristic and a problem of multidimensional screening arises. In such models the consumer's private information (her type) is captured by an m—dimensional vector, while the good produced by the monopolist has n quality dimensions.

GAME THEORY

Roger B. Myerson
GAME THEORY Book PDF

Author : Roger B. Myerson
Publisher : Harvard University Press
Page : 585 pages
File Size : 53,5 Mb
Release : 2013-03-01
Category : Business & Economics
ISBN : 9780674728615

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GAME THEORY by Roger B. Myerson Pdf

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.