Game Theory: A Very Short Introduction

Paperback | December 15, 2007

byKen Binmore

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Games are everywhere: Drivers manoeuvring in heavy traffic are playing a driving game. Bargain hunters bidding on eBay are playing an auctioning game. A firm negotiating next year's wage is playing a bargaining game. When opposing candidates in an election are playing a political game. Thesupermarket's price for corn flakes is decided by playing an economic game. Game theory is about how to play such games in a rational way. Even when the players have not thought everything out in advance, game theory often works for the same reason that mindless animals sometimes end up behaving very cleverly: evolutionary forces eliminate irrational play because it isunfit. Game theory has seen spectacular successes in evolutionary biology and economics, and is beginning to revolutionize other disciplines from psychology to political science. This iVery Short Introduction/i introduces the fascinating world of game theory, showing how it can be understood withoutmathematical equations, and revealing that everything from how to play poker optimally to the sex ratio among bees can be understood by anyone willing to think seriously about the problem.

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Games are everywhere: Drivers manoeuvring in heavy traffic are playing a driving game. Bargain hunters bidding on eBay are playing an auctioning game. A firm negotiating next year's wage is playing a bargaining game. When opposing candidates in an election are playing a political game. Thesupermarket's price for corn flakes is decided...

Ken Binmore is Emeritus Professor of Economics at University College, London. He has held Chairs in Economics at LSE, the University of Michigan and UCL, and is a Visiting Professor of Economics at the University of Bristol and a Fellow of the Centre for Philosophy at LSE. He began his academic career as a pure mathematician before b...

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Format:PaperbackDimensions:144 pages, 6.85 × 4.37 × 0.39 inPublished:December 15, 2007Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0199218463

ISBN - 13:9780199218462

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Table of Contents

Preface1. The Name of the Game2. Chance3. Time4. Convention5. Reciprocity6. Information7. Auctions8. Biology9. Bargaining and Coalitions10. Puzzles and Paradoxes