Repeated Games And Reputations

Author : George J. Mailath,Larry Samuelson
Publisher : Oxford University Press
Page : 672 pages
File Size : 54,5 Mb
Release : 2006-09-28
Category : Business & Economics
ISBN : 0198041217

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Repeated Games and Reputations by George J. Mailath,Larry Samuelson Pdf

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.

Author : George Joseph Mailath
Publisher : Unknown
Page : 645 pages
File Size : 45,9 Mb
Release : 2006
Category : Economics, Mathematical
ISBN : 0199783705

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Repeated Games and Reputations by George Joseph Mailath Pdf

Provides a complete treatment of the theory of repeated games and reputations, beginning with the elementary concepts required to work with repeated games and continuing to research frontier. This book is for those doing basic research in the theory of repeated games and reputations as well as those using these tools in more applied research.

Author : Steve Tadelis
Publisher : Princeton University Press
Page : 416 pages
File Size : 52,9 Mb
Release : 2013-01-06
Category : Business & Economics
ISBN : 9780691129082

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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 : Francesca Giardini,Rafael Wittek
Publisher : Oxford University Press
Page : 656 pages
File Size : 55,6 Mb
Release : 2019-05-22
Category : Social Science
ISBN : 9780190494094

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The Oxford Handbook of Gossip and Reputation by Francesca Giardini,Rafael Wittek Pdf

Gossip and reputation are core processes in societies and have substantial consequences for individuals, groups, communities, organizations, and markets.. Academic studies have found that gossip and reputation have the power to enforce social norms, facilitate cooperation, and act as a means of social control. The key mechanism for the creation, maintenance, and destruction of reputations in everyday life is gossip - evaluative talk about absent third parties. Reputation and gossip are inseparably intertwined, but up until now have been mostly studied in isolation. The Oxford Handbook of Gossip and Reputation fills this intellectual gap, providing an integrated understanding of the foundations of gossip and reputation, as well as outlining a potential framework for future research. Volume editors Francesca Giardini and Rafael Wittek bring together a diverse group of researchers to analyze gossip and reputation from different disciplines, social domains, and levels of analysis. Being the first integrated and comprehensive collection of studies on both phenomena, each of the 25 chapters explores the current research on the antecedents, processes, and outcomes of the gossip-reputation link in contexts as diverse as online markets, non-industrial societies, organizations, social networks, or schools. International in scope, the volume is organized into seven sections devoted to the exploration of a different facet of gossip and reputation. Contributions from eminent experts on gossip and reputation not only help us better understand the complex interplay between two delicate social mechanisms, but also sketch the contours of a long term research agenda by pointing to new problems and newly emerging cross-disciplinary solutions.

Author : George J Mailath
Publisher : World Scientific
Page : 364 pages
File Size : 44,7 Mb
Release : 2018-12-18
Category : Business & Economics
ISBN : 9789813239951

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Modeling Strategic Behavior: A Graduate Introduction To Game Theory And Mechanism Design by George J Mailath Pdf

It is impossible to understand modern economics without knowledge of the basic tools of gametheory and mechanism design. This book provides a graduate-level introduction to the economic modeling of strategic behavior. The goal is to teach Economics doctoral students the tools of game theory and mechanism design that all economists should know.

Author : Shaun Hargreaves Heap,Yanis Varoufakis
Publisher : Unknown
Page : 24 pages
File Size : 45,7 Mb
Release : 1989
Category : Economics
ISBN : 0731684885

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Multiple Reputations in Finitely Repeated Games by Shaun Hargreaves Heap,Yanis Varoufakis Pdf

Author : Shaun Hargreaves Heap,Yanis Varoufakis
Publisher : Psychology Press
Page : 392 pages
File Size : 49,7 Mb
Release : 2004
Category : Business & Economics
ISBN : 0415250943

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Game Theory by Shaun Hargreaves Heap,Yanis Varoufakis Pdf

Requiring no more than basic arithmetic, this book provides a careful and accessible introduction to the basic pillars of Game Theory, tracing its intellectual origins and philosophical premises.

Author : Jörgen W. Weibull
Publisher : MIT Press
Page : 292 pages
File Size : 49,6 Mb
Release : 1997
Category : Business & Economics
ISBN : 0262731215

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Evolutionary Game Theory by Jörgen W. Weibull Pdf

Introduces current evolutionary game theory--where ideas from evolutionary biology and rationalistic economics meet--emphasizing the links between static and dynamic approaches and noncooperative game theory. This text introduces current evolutionary game theory--where ideas from evolutionary biology and rationalistic economics meet--emphasizing the links between static and dynamic approaches and noncooperative game theory. Much of the text is devoted to the key concepts of evolutionary stability and replicator dynamics. The former highlights the role of mutations and the latter the mechanisms of selection. Moreover, set-valued static and dynamic stability concepts, as well as processes of social evolution, are discussed. Separate background chapters are devoted to noncooperative game theory and the theory of ordinary differential equations. There are examples throughout as well as individual chapter summaries. Because evolutionary game theory is a fast-moving field that is itself branching out and rapidly evolving, Jörgen Weibull has judiciously focused on clarifying and explaining core elements of the theory in an up-to-date, comprehensive, and self-contained treatment. The result is a text for second-year graduate students in economic theory, other social sciences, and evolutionary biology. The book goes beyond filling the gap between texts by Maynard-Smith and Hofbauer and Sigmund that are currently being used in the field. Evolutionary Game Theory will also serve as an introduction for those embarking on research in this area as well as a reference for those already familiar with the field. Weibull provides an overview of the developments that have taken place in this branch of game theory, discusses the mathematical tools needed to understand the area, describes both the motivation and intuition for the concepts involved, and explains why and how it is relevant to economics.

Author : Steven N. Durlauf,Lawrence E. Blume
Publisher : Springer
Page : 379 pages
File Size : 45,5 Mb
Release : 2016-07-14
Category : Literary Criticism
ISBN : 9780230280847

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Game Theory by Steven N. Durlauf,Lawrence E. Blume Pdf

Specially selected from The New Palgrave Dictionary of Economics 2nd edition, each article within this compendium covers the fundamental themes within the discipline and is written by a leading practitioner in the field. A handy reference tool.

Author : Petyon Young,Shmuel Zamir
Publisher : Elsevier
Page : 1024 pages
File Size : 47,5 Mb
Release : 2014-10-01
Category : Mathematics
ISBN : 9780444537676

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Handbook of Game Theory by Petyon Young,Shmuel Zamir Pdf

The ability to understand and predict behavior in strategic situations, in which an individual’s success in making choices depends on the choices of others, has been the domain of game theory since the 1950s. Developing the theories at the heart of game theory has resulted in 8 Nobel Prizes and insights that researchers in many fields continue to develop. In Volume 4, top scholars synthesize and analyze mainstream scholarship on games and economic behavior, providing an updated account of developments in game theory since the 2002 publication of Volume 3, which only covers work through the mid 1990s. Focuses on innovation in games and economic behavior Presents coherent summaries of subjects in game theory Makes details about game theory accessible to scholars in fields outside economics

Author : Will Hasty
Publisher : Unknown
Page : 274 pages
File Size : 52,6 Mb
Release : 2016-04-13
Category : Literary Criticism
ISBN : 0814252656

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The Medieval Risk-Reward Society by Will Hasty Pdf

"The Medieval Risk-Reward Society" offers a study of adventure and love in the European Middle Ages focused on the poetry of authors such as Marie de France, Chretien de Troyes, Wolfram von Eschenbach, and Gottfried von Strassburg-showing how a society based on sacrifice becomes one of wagers and investments. Will Hasty's sociological approach to medieval courtly literature, informed by the analytic tools of game theory, reveals the blossoming of a worldview in which outcomes are uncertain, such that the very self (of a character or an authorial persona) is contingent on success or failure in possessing the things it desires-and upon which its social identity and personal happiness depend. Drawing on a diverse selection of contrasting canonical works ranging from the "Iliad" to the biblical book of Joshua to High Medieval German political texts to the writings of Leibniz and Mark Twain, Hasty enables an appreciation of the distinctive contributions made in antiquity and the Middle Ages to the medieval emergence of a European society based on risks and rewards. "The Medieval Risk-Reward Society: Courts, Adventure, and Love in the European Middle Ages" takes a descriptive approach to the competitions in religion, politics, and poetry that are constitutive of medieval culture. Culture is considered always to be "happening, " and to be happening on the cultural cutting edge as competitions for rewards involving the element of chance. This study finds adventure and love--the principal concerns of medieval European romance poetry--to be cultural game changers, and thereby endeavors to make a humanist contribution to the development of a cultural game theory. Will Hasty is Professor of German and Medieval and Early Modern Studies at the University of Florida, Gainesville."

Author : Tim Roughgarden
Publisher : Cambridge University Press
Page : 357 pages
File Size : 53,5 Mb
Release : 2016-09-01
Category : Computers
ISBN : 9781316782095

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Twenty Lectures on Algorithmic Game Theory by Tim Roughgarden Pdf

Computer science and economics have engaged in a lively interaction over the past fifteen years, resulting in the new field of algorithmic game theory. Many problems that are central to modern computer science, ranging from resource allocation in large networks to online advertising, involve interactions between multiple self-interested parties. Economics and game theory offer a host of useful models and definitions to reason about such problems. The flow of ideas also travels in the other direction, and concepts from computer science are increasingly important in economics. This book grew out of the author's Stanford University course on algorithmic game theory, and aims to give students and other newcomers a quick and accessible introduction to many of the most important concepts in the field. The book also includes case studies on online advertising, wireless spectrum auctions, kidney exchange, and network management.

Author : Leon A. Petrosyan,Vladimir V. Mazalov
Publisher : Birkhäuser
Page : 284 pages
File Size : 54,6 Mb
Release : 2016-09-30
Category : Mathematics
ISBN : 9783319438382

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Recent Advances in Game Theory and Applications by Leon A. Petrosyan,Vladimir V. Mazalov Pdf

This contributed volume contains fourteen papers based on selected presentations from the European Conference on Game Theory SING11-GTM 2015, held at Saint Petersburg State University in July 2015, and the Networking Games and Management workshop, held at the Karelian Research Centre of the Russian Academy of Sciences in Petrozvavodsk, Russia, also in July 2015. These papers cover a wide range of topics in game theory, including recent advances in areas with high potential for future work, as well as new developments on classical results. Some of these include A new approach to journal ranking using methods from social choice theory; A differential game of a duopoly in which two firms are competing for market share in an industry with network externalities; The impact of information propagation in the model of tax audits; A voting model in which the results of previous votes can affect the process of coalition formation in a decision-making body; The Selten-Szidarovsky technique for the analysis of Nash equilibria of games with an aggregative structure; Generalized nucleoli and generalized bargaining sets for games with restricted cooperation; Bayesian networks and games of deterrence; and A new look at the study of solutions for games in partition function form. The maturity and vitality of modern-day game theory are reflected in the new ideas, novel applications, and contributions of young researchers represented in this collection. It will be of interest to anyone doing theoretical research in game theory or working on one its numerous applications.

Author : Thomas C. Schelling
Publisher : Harvard University Press
Page : 332 pages
File Size : 43,9 Mb
Release : 1980
Category : History
ISBN : 0674840313

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The Strategy of Conflict by Thomas C. Schelling Pdf

Analyzes the nature of international disagreements and conflict resolution in terms of game theory and non-zero-sum games.

Author : Takako Fujiwara-Greve
Publisher : Springer
Page : 260 pages
File Size : 48,5 Mb
Release : 2015-06-17
Category : Mathematics
ISBN : 9784431556459

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Non-Cooperative Game Theory by Takako Fujiwara-Greve Pdf

This is a textbook for university juniors, seniors, and graduate students majoring in economics, applied mathematics, and related fields. Each chapter is structured so that a core concept of that chapter is presented with motivations, useful applications are given, and related advanced topics are discussed for future study. Many helpful exercises at various levels are provided at the end of each chapter. Therefore, this book is most suitable for readers who intend to study non-cooperative game theory rigorously for both theoretical studies and applications. Game theory consists of non-cooperative games and cooperative games. This book covers only non-cooperative games, which are major tools used in current economics and related areas. Non-cooperative game theory aims to provide a mathematical prediction of strategic choices by decision makers (players) in situations of conflicting interest. Through the logical analyses of strategic choices, we obtain a better understanding of social (economic, business) problems and possible remedies. The book contains many well-known games such as the prisoner’s dilemma, chicken (hawk–dove) game, coordination game, centipede game, and Cournot, Bertrand, and Stackelberg models in oligopoly. It also covers some advanced frameworks such as repeated games with non-simultaneous moves, repeated games with overlapping generations, global games, and voluntarily separable repeated prisoner’s dilemma, so that readers familiar with basic game theory can expand their knowledge. The author’s own research is reflected in topics such as formulations of information and evolutionary stability, which makes this book unique.