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Game Theory and Economic Modelling (Clarendon Lectures in Economics S.)

Game Theory and Economic Modelling (Clarendon Lectures in Economics S.)

List Price: $24.95
Your Price: $24.95
Product Info Reviews

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Rating: 4 stars
Summary: grounded take on game theory
Review: good examples include an entry-deterring monopolist, in the chapter "successes of game theory", but this isn't a book that is going to get you excited about game theory. the next chapter is "problems of game theory" which is probably the most valuable part of the book, keeping the reader honest.

Rating: 4 stars
Summary: grounded take on game theory
Review: good examples include an entry-deterring monopolist, in the chapter "successes of game theory", but this isn't a book that is going to get you excited about game theory. the next chapter is "problems of game theory" which is probably the most valuable part of the book, keeping the reader honest.

Rating: 3 stars
Summary: Game theory
Review: Its alright, I guess. Rasmusen is much better.

Rating: 5 stars
Summary: A lecture, not a book
Review: This is an offhand lecture by a professional in the field. It's not a textbook or a monograph - it is a side look at the state of the field. The author explains why game theory was useful in explaining various phenomena, but at the same time gives us hints for why it failed to explain others. You will learn that the abundancy of equilibria and structure in repeated games will enable you to prove almost anything, which is the weakness rather than a strength of this tool. Kreps defines the limits of the field and tells the reader what is yet to be done in game theory - and why.

A good read after a theoretical textbook. It allows you to stop, turn around and ask yourself a few fundamental questions.


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