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The Present and Future of Game Theory

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  • Martin Shubik

Abstract

A broad nontechnical coverage of many of the developments in game theory since the 1950s is given together with some comments on important open problems and where some of the developments may take place. The nearly 90 references given serve only as a minimal guide to the many thousands of books and articles that have been written. The purpose here is to present a broad brush picture of the many areas of study and application that have come into being. The use of deep techniques flourishes best when it stays in touch with application. There is a vital symbiotic relationship between good theory and practice. The breakneck speed of development of game theory calls for an appreciation of both the many realities of conflict, coordination and cooperation and the abstract investigation of all of them.

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Paper provided by David K. Levine in its series Levine's Working Paper Archive with number 786969000000000173.

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Date of creation: 31 Jul 2011
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Handle: RePEc:cla:levarc:786969000000000173

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  1. Oliver Hart & John Moore, 1985. "Incomplete Contracts and Renegotiation," Working papers 367, Massachusetts Institute of Technology (MIT), Department of Economics.
  2. Dubey, Pradeep, 1982. "Price-Quantity Strategic Market Games," Econometrica, Econometric Society, Econometric Society, vol. 50(1), pages 111-26, January.
  3. L. Blume, 2010. "The Statistical Mechanics of Strategic Interaction," Levine's Working Paper Archive 488, David K. Levine.
  4. Friedman,James, 1983. "Oligopoly Theory," Cambridge Books, Cambridge University Press, number 9780521282444, 9.
  5. Martin Shubik, 1962. "Incentives, Decentralized Control, the Assignment of Joint Costs and Internal Pricing," Management Science, INFORMS, INFORMS, vol. 8(3), pages 325-343, April.
  6. Juergen Huber & Martin Shubik & Shyam Sunder, 2007. "Eeryone-a-banker or the Ideal Credit Acceptance Game: Theory and Evidence," Levine's Bibliography 122247000000001397, UCLA Department of Economics.
  7. Milgrom,Paul, 2004. "Putting Auction Theory to Work," Cambridge Books, Cambridge University Press, number 9780521551847, 9.
  8. Martin Shubik, 1961. "Some Experimental Non-Zero Sum Games With Lack of Information about the Rules," Cowles Foundation Discussion Papers 105, Cowles Foundation for Research in Economics, Yale University.
  9. Ioannis Karatzas & Martin Shubik & William D. Sudderth, 1992. "Construction of Stationary Markov Equilibria in a Strategic Market Game," Cowles Foundation Discussion Papers 1033, Cowles Foundation for Research in Economics, Yale University.
  10. Shapley, Lloyd S & Shubik, Martin, 1977. "Trade Using One Commodity as a Means of Payment," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 85(5), pages 937-68, October.
  11. Eric S. Maskin, 2008. "Mechanism Design: How to Implement Social Goals," Economics Working Papers 0081, Institute for Advanced Study, School of Social Science.
  12. Martin Shubik, 2000. "The Theory of Money," Cowles Foundation Discussion Papers 1253, Cowles Foundation for Research in Economics, Yale University.
  13. Gilboa, Itzhak & Zemel, Eitan, 1989. "Nash and correlated equilibria: Some complexity considerations," Games and Economic Behavior, Elsevier, vol. 1(1), pages 80-93, March.
  14. Joshua M. Epstein & Robert L. Axtell, 1996. "Growing Artificial Societies: Social Science from the Bottom Up," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262550253, December.
  15. Dubey, P. & Rogawski, J. D., 1990. "Inefficiency of smooth market mechanisms," Journal of Mathematical Economics, Elsevier, vol. 19(3), pages 285-304.
  16. Leonid Hurwicz, 2008. "But Who Will Guard the Guardians?," American Economic Review, American Economic Association, vol. 98(3), pages 577-85, June.
  17. Joseph Y. Halpern, 2004. "A Computer Scientist Looks at Game Theory," Game Theory and Information, EconWPA 0411002, EconWPA.
  18. S.C. Littlechild & G.F. Thompson, 1977. "Aircraft Landing Fees: A Game Theory Approach," Bell Journal of Economics, The RAND Corporation, vol. 8(1), pages 186-204, Spring.
  19. Nash, John, 1950. "The Bargaining Problem," Econometrica, Econometric Society, Econometric Society, vol. 18(2), pages 155-162, April.
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