Game Theory

Steven Tadelis is an associate professor and Barbara and Gerson Bakar Faculty Fellow at the University of California, Berkeley's Haas School of Business, as well as a Distinguished Economist at eBay Research Labs.

This comprehensive textbook introduces readers to the fundamental ideas and applications of game theory in an approachable yet rigorous style. Steven Tadelis starts with a brief overview of rational decision making before moving on to discuss strategic and extensive form games with complete information, Bayesian games, and extensive form games with imperfect information. He discusses multistage and repeated games, bargaining theory, auctions, rent-seeking games, mechanism design, signaling games, reputation building, and information transmission games, among other things. Unlike other books on game theory, this one starts with the concept of rationality and works its way through concepts like dominated strategies and rationalizability to explore its implications for multiperson decision problems. The subject of Nash equilibrium and its derivatives is only introduced after that.

Among the best books on game theory, Game Theory is an excellent textbook for advanced undergraduate and graduate students. Throughout, real-world examples and precise analytic material are used to explain concepts and methods. The book contains numerous exercises that focus on how to formalize and then analyze informal situations, as well as many important applications to economics and political science.

• Introduces the fundamental concepts and applications of game theory.
• Includes both static and dynamic games, as well as complete and incomplete information.
• It includes a number of examples, applications, and exercises.
• Repeated games, bargaining, auctions, signaling, reputation, and information transmission are some of the topics covered.
• Excellent for advanced undergraduate and graduate students.
• Teachers can access complete solutions, while students can access selected solutions.

Author: Steven Tadelis

Link to buy: https://www.amazon.com/dp/0691129088

Ratings: 4.5 out of 5 stars (from 147 reviews)

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