Rationality In Extensive Form Games

Author : Andrés Perea
Publisher : Springer Science & Business Media
Page : 245 pages
File Size : 50,8 Mb
Release : 2013-04-18
Category : Business & Economics
ISBN : 9781475733914

Get Book

Rationality in Extensive Form Games by Andrés Perea Pdf

I would like to use this preface to thank some persons and institutions which have been important during the various stages of writing this book. First of all, I am grateful to Kluwer Academic Publishers for giving me the opportunity to write this book. I started writing the book in 1998 while I was working at the Departament d'Economia i d'Historia Economica at Universidad Autonoma de Barcelona, and continued the writing job from september 1998 to september 2000 at the Departamento de Economfa at Universidad Carlos III de Madrid. The book has been completed while I was visiting the Department of Quantitative Economics at the University of Maastricht from october 2000 to august 2001. I wish to thank these three departments for their hospitality. The book has improved substantially by comments and critique from the following persons who have read parts of the manuscript: Geir Asheim, Eric van Damme, Janos Flesch, Mari-Angeles de Frutos, Diego Moreno, Hans Peters, Antonio Romero and Dries Vermeulen. I should also mention my discussions with Peter Wakker about the decision-theoretic foundations of noncooperative game theory, which have had an important impact on various parts of the book. Finally, I wish to express my warmest gratitude to my parents, my brother and my sister, and, last but not least, to Cati, to whom I dedicate this book.

Author : Cristina Bicchieri
Publisher : CUP Archive
Page : 294 pages
File Size : 44,8 Mb
Release : 1997-03-28
Category : Business & Economics
ISBN : 0521574447

Get Book

Rationality and Coordination by Cristina Bicchieri Pdf

. This major new book will be of particular interest not only to philosophers but to decision theorists, political scientists, economists, and researchers in artificial intelligence.

Author : Paul Weirich
Publisher : OUP USA
Page : 283 pages
File Size : 41,6 Mb
Release : 2010
Category : Business & Economics
ISBN : 9780195388381

Get Book

Collective Rationality by Paul Weirich Pdf

Groups of people perform acts that are subject to standards of rationality. The book's theory of collective rationality explains how to evaluate collective acts. The people engaged in a game of strategy collectively produce an outcome, and the theory reveals what makes some outcomes solutions. It generates new equilibrium standards for solutions to cooperative games.

Author : Paul Weirich
Publisher : Cambridge University Press
Page : 253 pages
File Size : 54,5 Mb
Release : 1998-01-28
Category : Business & Economics
ISBN : 9780521593526

Get Book

Equilibrium and Rationality by Paul Weirich Pdf

This major contribution to game theory offers this conception of equilibrium in games: strategic equilibrium.

Author : Andrés Perea
Publisher : Cambridge University Press
Page : 581 pages
File Size : 44,7 Mb
Release : 2012-06-07
Category : Business & Economics
ISBN : 9781107008915

Get Book

Epistemic Game Theory by Andrés Perea Pdf

The first textbook to explain the principles of epistemic game theory.

Author : John C. Harsanyi
Publisher : CUP Archive
Page : 340 pages
File Size : 46,6 Mb
Release : 1986
Category : Decision-making
ISBN : 0521311837

Get Book

Rational Behavior and Bargaining Equilibrium in Games and Social Situations by John C. Harsanyi Pdf

This is a paperback edition of a major contribution to the field, first published in hard covers in 1977. The book outlines a general theory of rational behaviour consisting of individual decision theory, ethics, and game theory as its main branches. Decision theory deals with a rational pursuit of individual utility; ethics with a rational pursuit of the common interests of society; and game theory with an interaction of two or more rational individuals, each pursuing his own interests in a rational manner.

Author : Andres Perea
Publisher : Unknown
Page : 252 pages
File Size : 55,6 Mb
Release : 2014-01-15
Category : Electronic
ISBN : 1475733925

Get Book

Rationality in Extensive Form Games by Andres Perea Pdf

Author : Reinhard Selten
Publisher : Springer Science & Business Media
Page : 319 pages
File Size : 45,7 Mb
Release : 2013-03-09
Category : Business & Economics
ISBN : 9789401577748

Get Book

Models of Strategic Rationality by Reinhard Selten Pdf

The papers collected in this volume relate to game theory. They aim at the elaboration and discussion of basic con cepts, at the analysis of specific applied models and at the evaluation of experimental evidence. A game is a mathematical model of a situation where several actors with different goals are engaged in strategic inter action. Game theory explores the nature and the consequence. s of rational behavior in games. With respect to several papers in this volume, it seems to be appropriate to comment on later developments. A list of some important references is given at the end of the intro duction. References already included in the collected pa pers are not repeated here. In casual conversation colleagues sometimes observe that the author on the one hand goes to extremes in the elabora tion of the consequences of Bayesian rationality and on the other hand strongly emphasizes the limited rationality of actual decision behavior. This seeming discrepancy is also expressed in the collection presented here. The author thinks that a sharp distinction should be made between nor ~ative and descriptive game theory. This position of "methodological dualism" has been expressed in a comment to Aumann's paper "What is game theory trying to accomplish?" (Aumann, 1985, Selten 1985) Normative game theory has the important task to explore the nature and the consequences of idealized full rationality in strategic interaction. This requires a thorough discuss ion of first principles. Empirical arguments are irrelevant here.

Author : Alfred R. Mele,Piers Rawling
Publisher : Oxford University Press
Page : 498 pages
File Size : 47,5 Mb
Release : 2004-01-08
Category : Philosophy
ISBN : 0198033249

Get Book

The Oxford Handbook of Rationality by Alfred R. Mele,Piers Rawling Pdf

Rationality has long been a central topic in philosophy, crossing standard divisions and categories. It continues to attract much attention in published research and teaching by philosophers as well as scholars in other disciplines, including economics, psychology, and law. The Oxford Handbook of Rationality is an indispensable reference to the current state of play in this vital and interdisciplinary area of study. Twenty-two newly commissioned chapters by a roster of distinguished philosophers provide an overview of the prominent views on rationality, with each author also developing a unique and distinctive argument.

Author : Steve Tadelis
Publisher : Princeton University Press
Page : 416 pages
File Size : 44,9 Mb
Release : 2013-01-06
Category : Business & Economics
ISBN : 9780691129082

Get Book

Game Theory by Steve Tadelis Pdf

The definitive introduction to game theory This comprehensive textbook introduces readers to the principal ideas and applications of game theory, in a style that combines rigor with accessibility. Steven Tadelis begins with a concise description of rational decision making, and goes on to discuss strategic and extensive form games with complete information, Bayesian games, and extensive form games with imperfect information. He covers a host of topics, including multistage and repeated games, bargaining theory, auctions, rent-seeking games, mechanism design, signaling games, reputation building, and information transmission games. Unlike other books on game theory, this one begins with the idea of rationality and explores its implications for multiperson decision problems through concepts like dominated strategies and rationalizability. Only then does it present the subject of Nash equilibrium and its derivatives. Game Theory is the ideal textbook for advanced undergraduate and beginning graduate students. Throughout, concepts and methods are explained using real-world examples backed by precise analytic material. The book features many important applications to economics and political science, as well as numerous exercises that focus on how to formalize informal situations and then analyze them. Introduces the core ideas and applications of game theory Covers static and dynamic games, with complete and incomplete information Features a variety of examples, applications, and exercises Topics include repeated games, bargaining, auctions, signaling, reputation, and information transmission Ideal for advanced undergraduate and beginning graduate students Complete solutions available to teachers and selected solutions available to students

Author : Steven Tadelis
Publisher : Princeton University Press
Page : 417 pages
File Size : 46,7 Mb
Release : 2013-01-10
Category : Business & Economics
ISBN : 9781400845958

Get Book

Game Theory by Steven Tadelis Pdf

The definitive introduction to game theory This comprehensive textbook introduces readers to the principal ideas and applications of game theory, in a style that combines rigor with accessibility. Steven Tadelis begins with a concise description of rational decision making, and goes on to discuss strategic and extensive form games with complete information, Bayesian games, and extensive form games with imperfect information. He covers a host of topics, including multistage and repeated games, bargaining theory, auctions, rent-seeking games, mechanism design, signaling games, reputation building, and information transmission games. Unlike other books on game theory, this one begins with the idea of rationality and explores its implications for multiperson decision problems through concepts like dominated strategies and rationalizability. Only then does it present the subject of Nash equilibrium and its derivatives. Game Theory is the ideal textbook for advanced undergraduate and beginning graduate students. Throughout, concepts and methods are explained using real-world examples backed by precise analytic material. The book features many important applications to economics and political science, as well as numerous exercises that focus on how to formalize informal situations and then analyze them. Introduces the core ideas and applications of game theory Covers static and dynamic games, with complete and incomplete information Features a variety of examples, applications, and exercises Topics include repeated games, bargaining, auctions, signaling, reputation, and information transmission Ideal for advanced undergraduate and beginning graduate students Complete solutions available to teachers and selected solutions available to students

Author : Gisèle Umbhauer
Publisher : Routledge
Page : 462 pages
File Size : 41,6 Mb
Release : 2016-01-08
Category : Business & Economics
ISBN : 9781317362999

Get Book

Game Theory and Exercises by Gisèle Umbhauer Pdf

Game Theory and Exercises introduces the main concepts of game theory, along with interactive exercises to aid readers’ learning and understanding. Game theory is used to help players understand decision-making, risk-taking and strategy and the impact that the choices they make have on other players; and how the choices of those players, in turn, influence their own behaviour. So, it is not surprising that game theory is used in politics, economics, law and management. This book covers classic topics of game theory including dominance, Nash equilibrium, backward induction, repeated games, perturbed strategie s, beliefs, perfect equilibrium, Perfect Bayesian equilibrium and replicator dynamics. It also covers recent topics in game theory such as level-k reasoning, best reply matching, regret minimization and quantal responses. This textbook provides many economic applications, namely on auctions and negotiations. It studies original games that are not usually found in other textbooks, including Nim games and traveller’s dilemma. The many exercises and the inserts for students throughout the chapters aid the reader’s understanding of the concepts. With more than 20 years’ teaching experience, Umbhauer’s expertise and classroom experience helps students understand what game theory is and how it can be applied to real life examples. This textbook is suitable for both undergraduate and postgraduate students who study game theory, behavioural economics and microeconomics.

Author : Gabriel Frahm
Publisher : Walter de Gruyter GmbH & Co KG
Page : 356 pages
File Size : 42,8 Mb
Release : 2019-09-23
Category : Business & Economics
ISBN : 9783110596106

Get Book

Rational Choice and Strategic Conflict by Gabriel Frahm Pdf

"This book is refreshing, innovative and important for several reasons. Perhaps most importantly, it attempts to reconcile game theory with one-person decision theory by viewing a game as a collection of one-person decision problems. As natural as this approach may seem, it is hard to find game theory books that really implement this view. This book is a wonderful exception, in which the transition between decision theory and game theory is both smooth and natural. It shows that decision theory and game theory can go—and, in fact, must go—hand in hand. The careful exposition, the many illustrative examples, the critical assessment of traditional game theory concepts, and the enlightening comparison with the subjectivistic approach advocated in this book, make it a pleasure to read and a must have for anyone interested in the foundations of decision theory and game theory." Andrés Perea (Maastricht University) "Gabriel Frahm's relatively nontechnical book is a bold synthesis of decision theory and game theory from a Bayesian or subjectivist perspective. It distinguishes between decisions, or one-person games, and games with two or more players, but Frahm argues that this distinction is not always necessary—the two kinds of games can be analyzed within a common theoretical framework. He models the dynamics of choice in several different settings (e.g., information may be complete or incomplete as well as perfect or imperfect), including one in which players look ahead and make farsighted calculations on which they base their choices. His book contains many provocative examples that illustrate the advantages of a unified theory of rational decision-making." Steven J. Brams (New York University)

Author : W. Leinfellner,Eckehart Köhler
Publisher : Springer Science & Business Media
Page : 461 pages
File Size : 43,9 Mb
Release : 2013-06-29
Category : Business & Economics
ISBN : 9789401716543

Get Book

Game Theory, Experience, Rationality by W. Leinfellner,Eckehart Köhler Pdf

When von Neumann's and Morgenstern's Theory of Games and Economic Behavior appeared in 1944, one thought that a complete theory of strategic social behavior had appeared out of nowhere. However, game theory has, to this very day, remained a fast-growing assemblage of models which have gradually been united in a new social theory - a theory that is far from being completed even after recent advances in game theory, as evidenced by the work of the three Nobel Prize winners, John F. Nash, John C. Harsanyi, and Reinhard Selten. Two of them, Harsanyi and Selten, have contributed important articles to the present volume. This book leaves no doubt that the game-theoretical models are on the right track to becoming a respectable new theory, just like the great theories of the twentieth century originated from formerly separate models which merged in the course of decades. For social scientists, the age of great discover ies is not over. The recent advances of today's game theory surpass by far the results of traditional game theory. For example, modem game theory has a new empirical and social foundation, namely, societal experiences; this has changed its methods, its "rationality. " Morgenstern (I worked together with him for four years) dreamed of an encompassing theory of social behavior. With the inclusion of the concept of evolution in mathematical form, this dream will become true. Perhaps the new foundation will even lead to a new name, "conflict theory" instead of "game theory.

Author : Carlos Alós-Ferrer,Klaus Ritzberger
Publisher : Springer
Page : 239 pages
File Size : 49,8 Mb
Release : 2016-07-08
Category : Business & Economics
ISBN : 9783662499443

Get Book

The Theory of Extensive Form Games by Carlos Alós-Ferrer,Klaus Ritzberger Pdf

This book treats extensive form game theory in full generality. It provides a framework that does not rely on any finiteness assumptions at all, yet covers the finite case. The presentation starts by identifying the appropriate concept of a game tree. This concept represents a synthesis of earlier approaches, including the graph-theoretical and the decision-theoretical ones. It then provides a general model of sequential, interpersonal decision making, called extensive decision problems. Extensive forms are a special case thereof, which is such that all strategy profiles induce outcomes and do so uniquely. Requiring the existence of immediate predecessors yields discrete extensive forms, which are still general enough to cover almost all applications. The treatment culminates in a characterization of the topologies on the plays of the game tree that admit equilibrium analysis.