Strategies and Games: Theory and Practice by Prajit K. Dutta (PDF)

Description

Game theory has become increasingly popular among undergraduate aswell as business school students. This text is the first to provideboth a complete theoretical treatment of the subject and a variety ofreal-world applications, primarily in economics, but also in business,political science, and the law.Game theory has become increasingly popular among undergraduate as well as business school students. This text is the first to provide both a complete theoretical treatment of the subject and a variety of real-world applications, primarily in economics, but also in business, political science, and the law. Strategies and Games grew out of Prajit Dutta’s experience teaching a course in game theory over the last six years at Columbia University.The book is divided into three parts: Strategic Form Games and Their Applications, Extensive Form Games and Their Applications, and Asymmetric Information Games and Their Applications. The theoretical topics include dominance solutions, Nash equilibrium, backward induction, subgame perfect equilibrium, repeated games, dynamic games, Bayes-Nash equilibrium, mechanism design, auction theory, and signaling. An appendix presents a thorough discussion of single-agent decision theory, as well as the optimization and probability theory required for the course.Every chapter that introduces a new theoretical concept opens with examples and ends with a case study. Case studies include Global Warming and the Internet, Poison Pills, Treasury Bill Auctions, and Final Jeopardy. Each part of the book also contains several chapter-length applications including Bankruptcy Law, the NASDAQ market, OPEC, and the Commons problem. This is also the first text to provide a detailed analysis of dynamic strategic interaction.

User’s Reviews

Editorial Reviews: Review Professor Dutta strikes an excellent balance between formal development of the fundamental ideas in game theory and interesting economic applications. This book introduces advanced undergraduates and beginning graduate students to the exciting and elegant world of game theory.―Thomas A. Gresik, Department of Economics, The Pennsylvania State University About the Author Prajit Dutta is Professor in the Department of Economics at Columbia University.

Reviews from Amazon users which were colected at the time this book was published on the website:

⭐I bought this book for an online Game Theory course and its a standard, informative textbook. The examples are explained thouroughly to help you understand the subject, which makes problem solving easier. Although sometimes you may get lost in mathematical notation, I would say its still a good way to learn about the subject matter.

⭐Pretty decent book in explaining the concepts. Although the questions are quite weird, some are often almost too easy or too obvious to answer.

⭐I like this book even I did not understand it at all.Holding this book sitting on a StuXX office shop shows my intelligence. Perfect.

⭐Concepts are poorly explained, proofs consist of basic arithmetic while glossing over the more rigorous operations. It’s a best of the worst since game theory text options are limited.

⭐Good book

⭐It is an insult to my intelligence that the price for the ebook is 4 dollars cheaper than the hardcopy. Textbook, ebook, and amazon price fixing is less irritating when it isn’t so painfully obvious.

⭐This review is for the kindle edition. My copy does not display all the mathematical operators, at least not on the PC, Mac or iPad versions. The text renders fine but any math is difficult.

⭐Mathematical operators, such as <, > and -, do not render properly in formulas in the kindle, e-textbook, version.

⭐Let me start with what I think is good about the book:It has a lot of examples embedded in the text. This helps a lot when trying to see the concepts applied. Particularly useful with undergrad students.Now what I do not like.It is extremely linear. Chapters are not self contained, and usually even in the examples you will have to go back to trace back many things, which is in some cases a waist of time.It simplifies at an extreme of complicating stuff. Usually we see books like Tirole’s (all of them) in which extreme simplification is crucial to explain hard concepts which otherwise would take too many pages of math until arrive to the real concept behind, and basically you have lost the main idea. Here the author tries to simplify the math, but ends up complicating it very much. For example in auctions, finding optimal strategies can be extremely easy and intuitive making assumptions on distribution of continuous valuation compared to discrete valuations. At least it is my personal preference.

⭐Great book, particularly as a reference or a brush up of concept.

⭐Ottimo libro, la materia è trattata in modo esaustivo e lineare . Facile da leggere ..solo qualche passaggio andrebbe meglio specificato,a qualche modello matematico si deve credere “sulla fiducia”… Forse qualche pagina in più ci voleva..Utile ed esaustivo se si ha internet a portata di mano per meglio documentarsi e/o approfondire.This is an excellent textbook on game theory. But in the ebook version that I bought, many of the formulas have missing parts and do not display correctly. I am using the kindle for mac application on a macbook. I am very disappointed after spending about $50 on this ebook.

⭐The book is really nice and useful. It is exactly how I wanted it to be so everything is fine

⭐

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