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Epistemic Game Theory

Name: Epistemic Game Theory
Brand: Cambridge University Press
SKU: 04475280
Price: 49518 HUF
Availability: InStock
Author: Andres Perea
ISBN: 9781107008915

Andres Perea

Language

English

Book Hardback

Libristo code: 04475280

Publishers Cambridge University Press, June 2012

In everyday life we must often reach decisions while knowing that the outcome will not only depend o... Full description

Libristo code: 04475280

330 b

49 518 Ft

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In everyday life we must often reach decisions while knowing that the outcome will not only depend on our own choice, but also on the choices of others. These situations are the focus of epistemic game theory. Unlike classical game theory, it explores how people may reason about their opponents before they make their final choice in a game. Packed with examples and practical problems based on stories from everyday life, this is the first textbook to explain the principles of epistemic game theory. Each chapter is dedicated to one particular, natural way of reasoning. The book then shows how each of these ways of reasoning will affect the final choices that can rationally be made and how these choices can be found by iterative procedures. Moreover, it does so in a way that uses elementary mathematics and does not presuppose any previous knowledge of game theory.