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| Game Theory for Applied Economists | 
enlarge | Author: Robert Gibbons Publisher: Princeton University Press Category: Book
List Price: $55.00 Buy New: $43.00 You Save: $12.00 (22%)
Buy New/Used from $41.95
Avg. Customer Rating:   (26 reviews) Sales Rank: 4746
Languages: English (Original Language), English (Unknown), English (Published) Media: Paperback Number Of Items: 1 Pages: 288 Shipping Weight (lbs): 0.9 Dimensions (in): 9.1 x 6.1 x 0.9
ISBN: 0691003955 Dewey Decimal Number: 330.015193 EAN: 9780691003955 ASIN: 0691003955
Publication Date: July 13, 1992 Availability: Usually ships in 1-2 business days
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| Editorial Reviews:
Product Description This book introduces one of the most powerful tools of modern economics to a wide audience: those who will later construct or consume game-theoretic models. Robert Gibbons addresses scholars in applied fields within economics who want a serious and thorough discussion of game theory but who may have found other works overly abstract. Gibbons emphasizes the economic applications of the theory at least as much as the pure theory itself; formal arguments about abstract games play a minor role. The applications illustrate the process of model building--of translating an informal description of a multi-person decision situation into a formal game-theoretic problem to be analyzed. Also, the variety of applications shows that similar issues arise in different areas of economics, and that the same game-theoretic tools can be applied in each setting. In order to emphasize the broad potential scope of the theory, conventional applications from industrial organization have been largely replaced by applications from labor, macro, and other applied fields in economics. The book covers four classes of games, and four corresponding notions of equilibrium: static games of complete information and Nash equilibrium, dynamic games of complete information and subgame-perfect Nash equilibrium, static games of incomplete information and Bayesian Nash equilibrium, and dynamic games of incomplete information and perfect Bayesian equilibrium.
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| Customer Reviews: Read 21 more reviews...
  Elementary April 25, 2008 1 out of 1 found this review helpful
Highly recommended for beginners and economist focus on application of game theory. Less technical, and enough intuition which turns out to be useful when people start to forming their own models.
  Game Theory for Applies Economists Review March 4, 2008 1 out of 1 found this review helpful
Was the course book in a strong game theory class. It's a graduate class at the ISyE deparment at Georgia Tech. But, I didn't like the book that much; cause it's a little bit boring, beside it's got too little pages (round 200 only), and so, I doubt that it's the best game theory reference. However, I think it's a good start, especially for anyone who is trying to learn game theory on his/her own.
  Good Book February 16, 2008 The book came in good shape, and it's a fairly straightforward read. I had no problems in the shipping of the book; it came on time and without flaws. The book was also definitely worth reading (though I had to for a class).
  Easy to Read February 10, 2008 Gibbons provides a lot of examples in a clear, easy-to-read format. Much less clunky than other introductory game theory texts!
  Excellent! March 13, 2007 3 out of 3 found this review helpful
I had heard of game theory but had never been exposed to what it actually was or how games were viewed, setup or resolved. This book was part of a PhD Micro course and I found it very readable. We actually used two books, this one and the game theory section of MasColeel. The Mas book is very encyclopedic to me and dense reading. Gibbons' book gives the concepts and applictions in a straight-forward readable manner. Highly recommended, especially if you are new or somewhat new to game theory.
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