Game Theory for Applied Economists
Author: Robert Gibbons
List Price: $37.50
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ISBN: 0691003955
Publisher: Princeton Univ Pr (13 July, 1992)
Sales Rank: 8,104
Average Customer Rating: 4.33 out of 5
Customer Reviews
Rating: 3 out of 5
Basic, but well written
This book provides a very simple, intuitive introduction to game theory, avoiding technical details. The author's style of writing is extremely clear. However, the book lacks sufficient rigor to make a good "stand-alone" introductory text for a graduate course in game theory. It would work well as a main text for an undergraduate course. Finally, most of the exercises in the book are well chosen and useful, unlike certain other texts on game theory I could mention.
Rating: 5 out of 5
The Best Book for Learning Applied Game Theory
For the advanced student with some knowledge of basic game theory, this is the best book on applications. There is really a rather amazing array of examples covered and worked out in detail on some major topics of noncooperative game theory -- static and dynamic games, with complete and incomplete information. Gibbons gets right down to the key moving parts of the models he presents and in the process provides great examples of what can be done with game theory.This is not, however, the best book as an introduction to pure game theory, at any level (and obviously isn't meant to be). If you use it that way you may be disappointed. While it does cover the theory it uses, and pretty rigorously at that, it cannot by its nature get deep enough into the guts of equilibrium concepts and refinements for that purpose.
If it's used in conjunction with a pure game theory book, particularly Myerson, it will provide an excellent foundation for graduate students in social science, particularly economics. In fact it can be a very useful tool when using a more theoretically oriented book to get a better idea of what the basic concepts are really all about. (The discussion of sequential equilibrium and the intuitive criterion is especially good for building intuition.)
Rating: 5 out of 5
Simply, a great book
I read this book for my MSc course in Economics. I found it very straightforward and to the point. If you can handle this book, consider yourself prepared to go into deeper game theory books such as Jean Tirole's Game Theory, among others. The organisation of the book is quite simple and logic, and makes you understand the differences between games in a very easy manner. This is a must read book for every serious economist. Similar Products
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