Description
This textbook presents all the fundamental concepts of Game Theory in accessible language and elucidates them through a wide variety of applications from current politics, business, and international relations. It does so through a wide miscellany of topics such as the serving patterns of Roger Federer, fate of the hapless spy, auction of cricketers for league games, and the all-important question – are our children really smarter than we are? This textbook goes beyond over-emphasizing technique and concentrates on the accessibility and applicability of the subject. Hence a wide variety of readers including school students, business leaders, and policy makers will get deep insights of the subject through the book. By specifically orienting the treatment of the subject towards these groups, this book makes the task of instructors that much easier.
"Game theory is an amazing tool to analyze decisions, and Rohit's book, 'A Case-Based Approach to Game Theory' which brings out this decision-making aspect so clearly, is a welcome addition indeed. By using diverse examples, Rohit allows the reader to understand the theory from multiple perspectives. In a typical game theory book it is easy to get into the nitty gritties of mathematics while losing sight of the big picture. By eschewing maths, and yet, bringing out all nuances, Rohit does a fantastic job!"
- Prof. Viswanath (Vishy) Pingali, Professor of Economics, Indian Institute of Management (IIM) Ahmedabad, India
Table of Contents
Rationality.- Common Knowledge.- Nash Equilibrium.- Sequential Games.- Asymmetric Information.- Randomization.- Auctions and Mechanisms.- Cooperative Games.
