Game Theory

Advance praise: 'This book fills a long-standing need for a first-rate textbook for an undergraduate course in game theory. It strikes an almost ideal balance between accessibility and rigor with a series of well-chosen examples to light the way. The standard examples (Cournot, Bertrand, location choice) are here along with a host of less common ones (currency speculation, the Six Day War, the Cuban Missile Crisis). Anyone teaching an undergraduate game theory course should consider adopting Heifetz's book as a text.' Bart Lipman, Boston University 'Game Theory: Interactive Strategies in Economics and Management is an introduction to game theory written by Aviad Heifetz, a leading scholar of the foundations of game theory. The book uses well chosen and up-to-date examples, ranging from conflict in the Middle East to the Internet, to introduce the key ideas from game theory in an elementary but rigorous way. As well as covering classical material, the book reaches topics at the frontiers of the subject; I particularly enjoyed the material on strategic uncertainty, global games and difficulties of backwards induction. I would recommend the use of this book as a text for introducing students to game theory and giving a conceptually broad but non-technical introduction to game theory and its applications across the social sciences.' Stephen E. Morris, Princeton University 'This is an outstanding introductory book for individuals who want to acquire basic understanding of current non-cooperative game theory. In addition to the standard material, the discussion includes more advanced topics, e.g., rationalizability, learning dynamics and evolution; observations from behavioral game theory and experiments; and excellent examples from business and economics. Without excessive mathematics and symbolism, the book can be taught to individuals capable of rigorous analytical thinking, for example interested undergraduates and MBAs.' Ehud Kalai, James J. O'Connor Professor of Decision and Game Sciences, Northwestern University