Quantal response equilibrium

a stochastic theory of games

Quantal Response Equilibrium presents a stochastic theory of games that unites probabilistic choice models developed in psychology and statistics with the Nash equilibrium approach of classical game theory. Nash equilibrium assumes precise and perfect decision making in games, but human behavior is inherently stochastic and ...

Game theory in action

an introduction to classical and evolutionary models

Game Theory in Action is a textbook about using game theory across a range of real-life scenarios. From traffic accidents to the sex lives of lizards, Stephen Schecter and Herbert Gintis show students how game theory can be applied in diverse areas including animal behavior ...

Prisioners of reason

game theory and neoliberal political economy

s capitalism inherently predatory? Must there be winners and losers? Is public interest outdated and free-riding rational? Is consumer choice the same as self-determination? Must bargainers abandon the no-harm principle? Prisoners of Reason recalls that classical liberal capitalism exalted the no-harm principle. Although imperfect and ...

General equilibrium and Game Theory

Ten Papers

Andreu Mas-Colell revolutionized our understanding of competitive markets, price formation, and the behavior of market participants. This volume presents the papers that solidified his standing as one of the preeminent economic theorists of our time. It also is invaluable for anyone wishing to study the ...

The world th game theorists made

In recent decades game theory-the mathematics of rational decision-making by interacting individuals-has assumed a central place in our understanding of capitalist markets, the evolution of social behavior in animals, and even the ethics of altruism and fairness in human beings. With game theory's ubiquity ...

El dilema del prisionero

John von Neumann, la teoría de juegos y la bomba

Los dilemas de la vida real surgen gracias a las diversas maneras con las que nuestros intereses individuales se contraponen a los de los demás y a los de la sociedad en general. Diariamente, hemos de tomar decisiones difíciles, a veces con resultados distintos de ...

Games of strategy

Games of Strategy, famous for its simple yet accurate exposition and its great examples and exercises, has been extensively revised for this Fourth Edition. The key to its broad success is that the authors assume no prior knowledge of game theory and present the material ...

Strategy and politics

an introduction to game theory

Strategy and Politics: An Introduction to Game Theory is designed to introduce students with no background in formal theory to the application of game theory to modeling political processes. This accessible text covers the essential aspects of game theory while keeping the reader constantly in ...

Diseño de mercados

El diseño de mercados abarca tanto la teoría de juegos como el diseño de mecanismos, y combina los enfoques de la teoría económica y la teoría de juegos con el sentido común, además de las lecciones extraídas del trabajo empírico y experimental. Este estudio da ...

Teoría de juegos

una introducción matemática a la toma de decisiones

exto introductorio a la teoría de juegos y la teoría de la decisión, temas que han ganado amplio terreno en diversos campos de aplicación tales como la física, la política, los negocios, la psicología, entre muchos otros, y que se divide en tres apartados: una ...

Game changer

game theory and the art of transforming strategic situations

"The wise win before they fight, while the ignorant fight to win." So wrote Zhuge Liang, the great Chinese military strategist. He was referring to battlefield tactics, but the same can be said about any strategic situation. Even seemingly certain defeat can be turned into ...

Mathematical game theory and applications

An authoritative and quantitative approach to modern game theory with applications from diverse areas including economics, political science, military science, and finance. Explores areas which are not covered in current game theory texts, including a thorough examination of zero-sum game. Provides introductory material to game ...

El economista camuflado

¿Alguna vez te has preguntado quién paga tu café? ¿O por qué el Starbuck es el triple de caro que cualquier otra cafetería? Tim Harford responde estas y otras preguntas, y nos enseña a ver el mundo con la mirada de un economista. Un economista ...

Beautiful Game Theory

how soccer can help economics

A wealth of research in recent decades has seen the economic approach to human behavior extended over many areas previously considered to belong to sociology, political science, law, and other fields. Research has also shown that economics can provide insight into many aspects of sports ...

The bounds of reason

game theory and the unification of the behavioral sciences

Game theory is central to understanding human behavior and relevant to all of the behavioral sciences--from biology and economics, to anthropology and political science. However, as The Bounds of Reason demonstrates, game theory alone cannot fully explain human behavior and should instead complement other key ...

Game theory in jurisprudence

Game theory is a branch of mathematics which studies strategic interactions, i.e., interactions which involve more than one agent and in which each agent makes her decision while striving to predict the decisions of other agents. Game theory has been successfully applied in many ...

Analyzing strategic behavior in business and economics

This textbook is an introduction to game theory, which is the systematic analysis of decision-making in interactive settings. Game theory can be of great value to business managers. The ability to correctly anticipate countermove by rival firms in competitive and cooperative settings enables managers to ...

Game changer

game theory and the art of transforming strategic situations

"Freedom to chart one's strategic destiny comes only to those who are game-aware enough to rise above the game and determined enough to change the game to their own advantage" writes David McAdams in this ground-breaking, paradigm-busting romp through the game theory of business ...

Minority games

interacting agents in financial markets

The Minority Game is a physicist's attempt to explain market behaviour by the interaction between traders. With a minimal set of ingredients and drastic assumptions, this model reproduces market ecology among different types of traders. Its emphasis is on speculative trading and information flow ...

Les expérimentations aléatoires en économie

Depuis le début des années 2000, une économiste française, Esther Duflo, professeure au MIT, occupe le devant de la scène en économie du développement et, plus généralement, en évaluation des politiques publiques. Avec son laboratoire, le J-PAL, elle a contribué à populariser une méthode les ...