Game Theory and Behavior

Jeffrey Carpenter, Andrea Robbett

$300

Hardback

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English

MIT Press
24 January 2023

Game theory

"An introduction to game theory that offers not only theoretical tools but also the intuition and behavioral insights to apply these tools to real-world situations.

An introduction to game theory that offers not only theoretical tools but also the intuition and behavioral insights to apply these tools to real-world situations.

This introductory text on game theory provides students with both the theoretical tools to analyze situations through the logic of game theory and the intuition and behavioral insights to apply these tools to real-world situations. It is unique among game theory texts in offering a clear, formal introduction to standard game theory while incorporating evidence from experimental data and introducing recent behavioral models. Students will not only learn about incentives, how to represent situations as games, and what agents ""should"" do in these situations, but they will also be presented with evidence that either confirms the theoretical assumptions or suggests a way in which the theory might be updated.

Features-

Each chapter begins with a motivating example that can be run as an experiment and ends with a discussion of the behavior in the example.

Parts I-IV cover the fundamental ""nuts and bolts"" of any introductory game theory course, including the theory of games, simple games with simultaneous decision making by players, sequential move games, and incomplete information in simultaneous and sequential move games.

Parts V-VII apply the tools developed in previous sections to bargaining, cooperative game theory, market design, social dilemmas, and social choice and voting.

Part VIII offers a more in-depth discussion of behavioral game theory models including evolutionary and psychological game theory. Instructor resources include solutions to end-of-chapter exercises, worksheets for running each chapter's experimental games using pencil and paper, and the oTree codes for running the games online."

By: Jeffrey Carpenter, Andrea Robbett
Imprint: MIT Press
Country of Publication: United States
Dimensions: Height: 229mm, Width: 203mm,
Weight: 567g
ISBN: 9780262047296
ISBN 10: 0262047292
Pages: 768
Publication Date: 24 January 2023
Audience: General/trade , ELT Advanced
Format: Hardback
Publisher's Status: Active

Jeffrey Carpenter is James Jermain Professor of Political Economy at Middlebury College. Andrea Robbett is Associate Professor in the Economics Department at Middlebury College.

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Game Theory and Behavior

Jeffrey Carpenter, Andrea Robbett

$300

Hardback

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