Mixed Strategies In The Indefinitely Repeated Prisoners Dilemma

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The Complexity of Cooperation

Author : Robert Axelrod
Publisher : Princeton University Press
ISBN 13 : 1400822300
Total Pages : 247 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis The Complexity of Cooperation by : Robert Axelrod

Download or read book The Complexity of Cooperation written by Robert Axelrod and published by Princeton University Press. This book was released on 1997-08-18 with total page 247 pages. Available in PDF, EPUB and Kindle. Book excerpt: Robert Axelrod is widely known for his groundbreaking work in game theory and complexity theory. He is a leader in applying computer modeling to social science problems. His book The Evolution of Cooperation has been hailed as a seminal contribution and has been translated into eight languages since its initial publication. The Complexity of Cooperation is a sequel to that landmark book. It collects seven essays, originally published in a broad range of journals, and adds an extensive new introduction to the collection, along with new prefaces to each essay and a useful new appendix of additional resources. Written in Axelrod's acclaimed, accessible style, this collection serves as an introductory text on complexity theory and computer modeling in the social sciences and as an overview of the current state of the art in the field. The articles move beyond the basic paradigm of the Prisoner's Dilemma to study a rich set of issues, including how to cope with errors in perception or implementation, how norms emerge, and how new political actors and regions of shared culture can develop. They use the shared methodology of agent-based modeling, a powerful technique that specifies the rules of interaction between individuals and uses computer simulation to discover emergent properties of the social system. The Complexity of Cooperation is essential reading for all social scientists who are interested in issues of cooperation and complexity.

Game Theory

Author : Steve Tadelis
Publisher : Princeton University Press
ISBN 13 : 0691129088
Total Pages : 416 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis Game Theory by : Steve Tadelis

Download or read book Game Theory written by Steve Tadelis and published by Princeton University Press. This book was released on 2013-01-06 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: The definitive introduction to game theory This comprehensive textbook introduces readers to the principal ideas and applications of game theory, in a style that combines rigor with accessibility. Steven Tadelis begins with a concise description of rational decision making, and goes on to discuss strategic and extensive form games with complete information, Bayesian games, and extensive form games with imperfect information. He covers a host of topics, including multistage and repeated games, bargaining theory, auctions, rent-seeking games, mechanism design, signaling games, reputation building, and information transmission games. Unlike other books on game theory, this one begins with the idea of rationality and explores its implications for multiperson decision problems through concepts like dominated strategies and rationalizability. Only then does it present the subject of Nash equilibrium and its derivatives. Game Theory is the ideal textbook for advanced undergraduate and beginning graduate students. Throughout, concepts and methods are explained using real-world examples backed by precise analytic material. The book features many important applications to economics and political science, as well as numerous exercises that focus on how to formalize informal situations and then analyze them. Introduces the core ideas and applications of game theory Covers static and dynamic games, with complete and incomplete information Features a variety of examples, applications, and exercises Topics include repeated games, bargaining, auctions, signaling, reputation, and information transmission Ideal for advanced undergraduate and beginning graduate students Complete solutions available to teachers and selected solutions available to students

The Evolution of Cooperation

Author : Robert Axelrod
Publisher : Basic Books
ISBN 13 : 0786734884
Total Pages : 258 pages
Book Rating : 4.7/5 (867 download)

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Book Synopsis The Evolution of Cooperation by : Robert Axelrod

Download or read book The Evolution of Cooperation written by Robert Axelrod and published by Basic Books. This book was released on 2009-04-29 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: A famed political scientist's classic argument for a more cooperative world We assume that, in a world ruled by natural selection, selfishness pays. So why cooperate? In The Evolution of Cooperation, political scientist Robert Axelrod seeks to answer this question. In 1980, he organized the famed Computer Prisoners Dilemma Tournament, which sought to find the optimal strategy for survival in a particular game. Over and over, the simplest strategy, a cooperative program called Tit for Tat, shut out the competition. In other words, cooperation, not unfettered competition, turns out to be our best chance for survival. A vital book for leaders and decision makers, The Evolution of Cooperation reveals how cooperative principles help us think better about everything from military strategy, to political elections, to family dynamics.

Game Theory 101

Author : William Spaniel
Publisher :
ISBN 13 : 9781492728153
Total Pages : 273 pages
Book Rating : 4.7/5 (281 download)

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Book Synopsis Game Theory 101 by : William Spaniel

Download or read book Game Theory 101 written by William Spaniel and published by . This book was released on 2014 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: Game Theory 101: The Complete Textbook is a no-nonsense, games-centered introduction to strategic form (matrix) and extensive form (game tree) games. From the first lesson to the last, this textbook introduces games of increasing complexity and then teaches the game theoretical tools necessary to solve them. Quick, efficient, and to the point, Game Theory 101: The Complete Textbook is perfect for introductory game theory, intermediate microeconomics, and political science.

Modeling Bounded Rationality

Author : Ariel Rubinstein
Publisher : MIT Press
ISBN 13 : 9780262681001
Total Pages : 226 pages
Book Rating : 4.6/5 (81 download)

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Book Synopsis Modeling Bounded Rationality by : Ariel Rubinstein

Download or read book Modeling Bounded Rationality written by Ariel Rubinstein and published by MIT Press. This book was released on 1998 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt: The notion of bounded rationality was initiated in the 1950s by Herbert Simon; only recently has it influenced mainstream economics. In this book, Ariel Rubinstein defines models of bounded rationality as those in which elements of the process of choice are explicitly embedded. The book focuses on the challenges of modeling bounded rationality, rather than on substantial economic implications. In the first part of the book, the author considers the modeling of choice. After discussing some psychological findings, he proceeds to the modeling of procedural rationality, knowledge, memory, the choice of what to know, and group decisions.In the second part, he discusses the fundamental difficulties of modeling bounded rationality in games. He begins with the modeling of a game with procedural rational players and then surveys repeated games with complexity considerations. He ends with a discussion of computability constraints in games. The final chapter includes a critique by Herbert Simon of the author's methodology and the author's response. The Zeuthen Lecture Book series is sponsored by the Institute of Economics at the University of Copenhagen.

Strategies and Games

Author : Prajit K. Dutta
Publisher : MIT Press
ISBN 13 : 0262303779
Total Pages : 507 pages
Book Rating : 4.2/5 (623 download)

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Book Synopsis Strategies and Games by : Prajit K. Dutta

Download or read book Strategies and Games written by Prajit K. Dutta and published by MIT Press. This book was released on 1999-02-16 with total page 507 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Advanced Microeconomics

Author : Harald Wiese
Publisher : Springer Nature
ISBN 13 : 365834959X
Total Pages : 620 pages
Book Rating : 4.6/5 (583 download)

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Book Synopsis Advanced Microeconomics by : Harald Wiese

Download or read book Advanced Microeconomics written by Harald Wiese and published by Springer Nature. This book was released on 2021-08-11 with total page 620 pages. Available in PDF, EPUB and Kindle. Book excerpt: This textbook for master programs in economics offers a comprehensive overview of microeconomics. It employs a carefully graded approach where basic game theory concepts are already explained within the simpler decision framework. The unavoidable mathematical content is supplied when needed, not in an appendix. The book covers a lot of ground, from decision theory to game theory, from bargaining to auction theory, from household theory to oligopoly theory, and from the theory of general equilibrium to regulation theory. Additionally, cooperative game theory is introduced. This textbook has been recommended and developed for university courses in Germany, Austria and Switzerland.

Game Theory, Alive

Author : Anna R. Karlin
Publisher : American Mathematical Soc.
ISBN 13 : 1470419823
Total Pages : 400 pages
Book Rating : 4.4/5 (74 download)

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Book Synopsis Game Theory, Alive by : Anna R. Karlin

Download or read book Game Theory, Alive written by Anna R. Karlin and published by American Mathematical Soc.. This book was released on 2017-04-27 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: We live in a highly connected world with multiple self-interested agents interacting and myriad opportunities for conflict and cooperation. The goal of game theory is to understand these opportunities. This book presents a rigorous introduction to the mathematics of game theory without losing sight of the joy of the subject. This is done by focusing on theoretical highlights (e.g., at least six Nobel Prize winning results are developed from scratch) and by presenting exciting connections of game theory to other fields such as computer science (algorithmic game theory), economics (auctions and matching markets), social choice (voting theory), biology (signaling and evolutionary stability), and learning theory. Both classical topics, such as zero-sum games, and modern topics, such as sponsored search auctions, are covered. Along the way, beautiful mathematical tools used in game theory are introduced, including convexity, fixed-point theorems, and probabilistic arguments. The book is appropriate for a first course in game theory at either the undergraduate or graduate level, whether in mathematics, economics, computer science, or statistics. The importance of game-theoretic thinking transcends the academic setting—for every action we take, we must consider not only its direct effects, but also how it influences the incentives of others.

An Introduction to Game Theory

Author : Martin J. Osborne
Publisher : Oxford University Press, USA
ISBN 13 : 9780195322484
Total Pages : 533 pages
Book Rating : 4.3/5 (224 download)

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Book Synopsis An Introduction to Game Theory by : Martin J. Osborne

Download or read book An Introduction to Game Theory written by Martin J. Osborne and published by Oxford University Press, USA. This book was released on 2009-01 with total page 533 pages. Available in PDF, EPUB and Kindle. Book excerpt: This text emphasizes the ideas behind modern game theory rather than their mathematical expression, but defines all concepts precisely. It covers strategic, extensive and coalitional games and includes the topics of repeated games, bargaining theory and evolutionary equilibrium.

Iterated Prisoners' Dilemma, The: 20 Years On

Author : Xin Yao
Publisher : World Scientific
ISBN 13 : 9814475378
Total Pages : 273 pages
Book Rating : 4.8/5 (144 download)

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Book Synopsis Iterated Prisoners' Dilemma, The: 20 Years On by : Xin Yao

Download or read book Iterated Prisoners' Dilemma, The: 20 Years On written by Xin Yao and published by World Scientific. This book was released on 2007-05-14 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1984, Robert Axelrod published a book, relating the story of two competitions which he ran, where invited academics entered strategies for the Iterated Prisoners' Dilemma. The book, almost 20 years on, is still widely read and cited by academics and the general public.As a celebration of that landmark work, we have recreated those competitions to celebrate its 20th anniversary, by again inviting academics to submit prisoners' dilemma strategies. The first of these new competitions was run in July 2004, and the second in April 2005. Iterated Prisoners' Dilemma: 20 Years On essentially provides an update of the Axelrod's book.Specifically, it

Repeated Games and Reputations

Author : George J. Mailath
Publisher : Oxford University Press
ISBN 13 : 0198041217
Total Pages : 664 pages
Book Rating : 4.1/5 (98 download)

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Book Synopsis Repeated Games and Reputations by : George J. Mailath

Download or read book Repeated Games and Reputations written by George J. Mailath and published by Oxford University Press. This book was released on 2006-09-28 with total page 664 pages. Available in PDF, EPUB and Kindle. Book excerpt: Personalized and continuing relationships play a central role in any society. Economists have built upon the theories of repeated games and reputations to make important advances in understanding such relationships. Repeated Games and Reputations begins with a careful development of the fundamental concepts in these theories, including the notions of a repeated game, strategy, and equilibrium. Mailath and Samuelson then present the classic folk theorem and reputation results for games of perfect and imperfect public monitoring, with the benefit of the modern analytical tools of decomposability and self-generation. They also present more recent developments, including results beyond folk theorems and recent work in games of private monitoring and alternative approaches to reputations. Repeated Games and Reputations synthesizes and unifies the vast body of work in this area, bringing the reader to the research frontier. Detailed arguments and proofs are given throughout, interwoven with examples, discussions of how the theory is to be used in the study of relationships, and economic applications. The book will be useful to those doing basic research in the theory of repeated games and reputations as well as those using these tools in more applied research.

The Iterated Prisoners' Dilemma

Author : Graham Kendall
Publisher : World Scientific
ISBN 13 : 9812706976
Total Pages : 273 pages
Book Rating : 4.8/5 (127 download)

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Book Synopsis The Iterated Prisoners' Dilemma by : Graham Kendall

Download or read book The Iterated Prisoners' Dilemma written by Graham Kendall and published by World Scientific. This book was released on 2007 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1984, Robert Axelrod published a book, relating the story of two competitions which he ran, where invited academics entered strategies for the Iterated Prisoners' Dilemma. The book, almost 20 years on, is still widely read and cited by academics and the general public.As a celebration of that landmark work, we have recreated those competitions to celebrate its 20th anniversary, by again inviting academics to submit prisoners' dilemma strategies. The first of these new competitions was run in July 2004, and the second in April 2005. Iterated Prisoners' Dilemma: 20 Years On essentially provides an update of the Axelrod's book.Specifically, it ? Presents the prisoners' dilemma, its history and variants ? Highlights original Axelrod's work and its impact ? Discusses results of new competitions ? Showcases selected papers that reflect the latest researches in the area

An Interdisciplinary Approach to Cognitive Modelling

Author : Partha Ghose
Publisher : Taylor & Francis
ISBN 13 : 1003818552
Total Pages : 139 pages
Book Rating : 4.0/5 (38 download)

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Book Synopsis An Interdisciplinary Approach to Cognitive Modelling by : Partha Ghose

Download or read book An Interdisciplinary Approach to Cognitive Modelling written by Partha Ghose and published by Taylor & Francis. This book was released on 2023-12-05 with total page 139 pages. Available in PDF, EPUB and Kindle. Book excerpt: An Interdisciplinary Approach to Cognitive Modelling presents a new approach to cognition that challenges long-held views. It systematically develops a broad-based framework to model cognition, which is mathematically equivalent to the emerging ‘quantum-like modelling’ of the human mind. The book argues that a satisfactory physical and philosophical basis of such an approach is missing, a particular issue being the application of quantization to the mind for which there is no empirical evidence as yet. In response to this issue, the book adopts a COM (classical optical modelling) approach, broad-based but mathematically equivalent to quantum-like modelling while avoiding its problematic features. It presents a philosophically informed and empirically motivated mathematical model of cognition, mainly concerning decision-making processes. It also deals with applications to different areas of the social sciences. It will be of interest to scholars and research students interested in the mathematical modelling of cognition and decision-making, and also interdisciplinary researchers interested in broader issues of cognition.

The Theory of Learning in Games

Author : Drew Fudenberg
Publisher : MIT Press
ISBN 13 : 9780262061940
Total Pages : 304 pages
Book Rating : 4.0/5 (619 download)

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Book Synopsis The Theory of Learning in Games by : Drew Fudenberg

Download or read book The Theory of Learning in Games written by Drew Fudenberg and published by MIT Press. This book was released on 1998 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work explains that equilibrium is the long-run outcome of a process in which non-fully rational players search for optimality over time. The models they e×plore provide a foundation for equilibrium theory and suggest ways for economists to evaluate and modify traditional equilibrium concepts.

Game Theory for Applied Economists

Author : Robert Gibbons
Publisher : Princeton University Press
ISBN 13 : 1400835887
Total Pages : 284 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis Game Theory for Applied Economists by : Robert Gibbons

Download or read book Game Theory for Applied Economists written by Robert Gibbons and published by Princeton University Press. This book was released on 1992-07-13 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: An introduction to one of the most powerful tools in modern economics Game Theory for Applied Economists introduces one of the most powerful tools of modern economics to a wide audience: those who will later construct or consume game-theoretic models. Robert Gibbons addresses scholars in applied fields within economics who want a serious and thorough discussion of game theory but who may have found other works too abstract. Gibbons emphasizes the economic applications of the theory at least as much as the pure theory itself; formal arguments about abstract games play a minor role. The applications illustrate the process of model building—of translating an informal description of a multi-person decision situation into a formal game-theoretic problem to be analyzed. Also, the variety of applications shows that similar issues arise in different areas of economics, and that the same game-theoretic tools can be applied in each setting. In order to emphasize the broad potential scope of the theory, conventional applications from industrial organization have been largely replaced by applications from labor, macro, and other applied fields in economics. The book covers four classes of games, and four corresponding notions of equilibrium: static games of complete information and Nash equilibrium, dynamic games of complete information and subgame-perfect Nash equilibrium, static games of incomplete information and Bayesian Nash equilibrium, and dynamic games of incomplete information and perfect Bayesian equilibrium.

Issues in Contemporary Macroeconomics and Distribution

Author : George R. Feiwel
Publisher : SUNY Press
ISBN 13 : 9780873959421
Total Pages : 512 pages
Book Rating : 4.9/5 (594 download)

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Book Synopsis Issues in Contemporary Macroeconomics and Distribution by : George R. Feiwel

Download or read book Issues in Contemporary Macroeconomics and Distribution written by George R. Feiwel and published by SUNY Press. This book was released on 1985-01-01 with total page 512 pages. Available in PDF, EPUB and Kindle. Book excerpt: This important book and its companion volume, Issues in Contemporary Microeconomics and Welfare, capture and convey the spirit, fundamental issues, underlying tensions, rich variety, accomplishments, and failures in contemporary economics. It presents economics as a dynamic subject, showing its strengths and limitations, exploring alternative approaches, and tracing the sources of differences. The essays include original contributions by the theorists themselves; major interpretations, reflections, and assessments by leading economists, and evaluations of particular areas by rising young scholars.

The Iterated Prisoners' Dilemma

Author : Graham Kendall
Publisher : World Scientific
ISBN 13 : 9812770682
Total Pages : 273 pages
Book Rating : 4.8/5 (127 download)

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Book Synopsis The Iterated Prisoners' Dilemma by : Graham Kendall

Download or read book The Iterated Prisoners' Dilemma written by Graham Kendall and published by World Scientific. This book was released on 2007 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1984, Robert Axelrod published a book, relating the story of two competitions which he ran, where invited academics entered strategies for the Iterated PrisonersOCO Dilemma. The book, almost 20 years on, is still widely read and cited by academics and the general public. As a celebration of that landmark work, we have recreated those competitions to celebrate its 20th anniversary, by again inviting academics to submit prisonersOCO dilemma strategies. The first of these new competitions was run in July 2004, and the second in April 2005. Iterated PrisonersOCO Dilemma: 20 Years On essentially provides an update of the AxelrodOCOs book. Specifically, it. OCo Presents the prisonersOCO dilemma, its history and variants. OCo Highlights original Axelrod's work and its impact. OCo Discusses results of new competitions. OCo Showcases selected papers that reflect the latest researches in the area."