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Game Theory: A Very Short Introduction

Author

Listed:
  • Binmore, Ken

    (Emeritus Professor of Economics, University College London)

Abstract

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. The opposing candidates in an election are playing a political game. The supermarket'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 is unfit. Game theory has seen spectacular successes in evolutionary biology and economics, and is beginning to revolutionize other disciplines from psychology to political science. This Very Short Introduction introduces the fascinating world of game theory, showing how it can be understood without mathematical 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. ABOUT THE SERIES: The Very Short Introductions series from Oxford University Press contains hundreds of titles in almost every subject area. These pocket-sized books are the perfect way to get ahead in a new subject quickly. Our expert authors combine facts, analysis, perspective, new ideas, and enthusiasm to make interesting and challenging topics highly readable.

Suggested Citation

  • Binmore, Ken, 2007. "Game Theory: A Very Short Introduction," OUP Catalogue, Oxford University Press, number 9780199218462.
  • Handle: RePEc:oxp:obooks:9780199218462
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    Citations

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    Cited by:

    1. Mehmet S. Ismail, 2018. "The story of conflict and cooperation," Papers 1808.06750, arXiv.org.
    2. Brandon Almy & Joachim I. Krueger, 2013. "Game interrupted: The rationality of considering the future," Judgment and Decision Making, Society for Judgment and Decision Making, vol. 8(5), pages 521-526, September.
    3. Anthony M. Evans & Joachim I. Krueger, 2014. "Outcomes and expectations in dilemmas of trust," Judgment and Decision Making, Society for Judgment and Decision Making, vol. 9(2), pages 90-103, March.
    4. Stern, Jon, 2014. "The British utility regulation model: Its recent history and future prospects," Utilities Policy, Elsevier, vol. 31(C), pages 162-172.
    5. Pietro Guarnieri & Tommaso Luzzati, 2018. "Some reflections on the "battle of the sexes"," Discussion Papers 2018/239, Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy.
    6. Alonso-Sanz, Ramón, 2018. "Collective quantum games with Werner-like states," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 510(C), pages 812-827.
    7. Jürgen Eichberger, 2010. "Nash Equilibrium," Chapters, in: Mark Blaug & Peter Lloyd (ed.), Famous Figures and Diagrams in Economics, chapter 11, Edward Elgar Publishing.
    8. Giacomo Costa, 2013. "Some reflections on the city of Taranto referendum on ILVA," STUDI ECONOMICI, FrancoAngeli Editore, vol. 2013(110), pages 27-34.
    9. Iqbal, Azhar & Chappell, James M. & Abbott, Derek, 2015. "Social optimality in quantum Bayesian games," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 436(C), pages 798-805.
    10. Anwar Shaikh, 2012. "Rethinking Microeconomics: A Proposed Reconstruction," Working Papers 1206, New School for Social Research, Department of Economics.
    11. Evans, Anthony M. & Athenstaedt, Ursula & Krueger, Joachim I., 2013. "The development of trust and altruism during childhood," Journal of Economic Psychology, Elsevier, vol. 36(C), pages 82-95.

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