Journals Higher Education



Published: 07 December 2010

480 Pages | 96 line illus.

7-1/2 x 9-1/4 inches

ISBN: 9780195300222

Bookseller Code (04)

Games and Decision Making

Second Edition

Charalambos D. Aliprantis and Subir K. Chakrabarti

Games and Decision Making, Second Edition, is a unique blend of decision theory and game theory. From classical optimization to modern game theory, authors Charalambos D. Aliprantis and Subir K. Chakrabarti show the importance of mathematical knowledge in understanding and analyzing issues in decision making. Through an imaginative selection of topics, Aliprantis and Chakrabarti treat decision and game theory as part of one body of knowledge. They move from problems involving the individual decision-maker to progressively more complex problems such as sequential rationality, auctions, and bargaining. By building each chapter on material presented earlier, the authors offer a self-contained and comprehensive treatment of these topics.

New to this Edition:

  • Chapter 2 includes new sections on two-person games, best-response strategies, mixed strategies, and incomplete information
  • Chapter 4 has been expanded to provide new material on behavior strategies and applications
  • The chapter on auctions (5) includes a new section on revenue equivalence
  • Offers two new chapters, on repeated games (7) and existence results (9)
  • New applications have been added to all the chapters

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Social Sciences > Economics > Economic Systems