Game Theory

A Critical Introduction

Shaun Hargreaves-Heap, Yanis Varoufakis, Yanis Varoufakis , Yanis Varoufakis (University of Athens, Greece)

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English

Routledge
26 February 2004

Economic theory & philosophy; Game theory

Game theory now provides the theoretical underpinning for most areas of economics. Moreover, it has spread fast in other disciplines, energised by claims that it represents an opportunity to unify the social sciences, to found a rational theory of society on a common bedrock of methodological individualism. The speed of these developments has been remarkable and they have constituted something of a revolution. But the technical demands of the subject often discourage the readers most likely to benefit from engaging with it. This second edition of Shaun Hargreaves-Heap and Yanis Varoufakis's classic text strips away the mystique and lets the reader make up his or her own mind. It combines the thoroughness of a textbook with the critical edge of the first edition as it: explains clearly all the major concepts (e.g. the various forms of Nash's equilibrium, bargaining solutions), as well as their philosophical bearings (e.g. rationality,

knowledge, social agency); introduces new, exciting areas of research (e.g. psychological, experimental and evolutionary game theory), which it blends carefully with traditional games (e.g. the prisoner's dilemma, hawk-dove); offers many problems at the end of each chapter, complete with extensive solutions. With an uncompromising commitment to intellectual honesty, it seeks out game theory's strengths

and limitations in a bid to draw out the implications of both for any theory of society which relies exclusively on liberal individualism. A new generation of students of game theory will grow to appreciate this superb text whilst fans of the first edition will eagerly devour this long-awaited update.

By: Shaun Hargreaves-Heap, Yanis Varoufakis, Yanis Varoufakis, Yanis Varoufakis (University of Athens, Greece)
Imprint: Routledge
Country of Publication: United Kingdom
Edition: 2nd edition
Dimensions: Height: 254mm, Width: 178mm, Spine: 25mm
Weight: 907g
ISBN: 9780415250948
ISBN 10: 0415250943
Pages: 384
Publication Date: 26 February 2004
Audience: College/higher education , General/trade , Primary , ELT Advanced
Format: Hardback
Publisher's Status: Active

1. An Overview 2. The Elements of Game Theory 3. Dynamic Games: Backward Induction and Some Extensive Form Refinements of the Nash Equilibrium 4. Bargaining Games 5. The Prisoners' Dilemma 6. Repeated Games and Reputations 7. Evolutionary Games 8. Watching People Play Games: Some Experimental Evidence

Shaun Hargreaves-Heap, Shaun Hargreaves-Heap, Yanis Varoufakis