This text covers the basic concepts and insights of game theory and offers classic examples and applications in a concise format. It provides a serious treatment of contract - an important, but often neglected topic in game theory - with minimal departure from the standard game coverage. Without skimping on mathematical precision, this text presents concepts and applications using the simplest, most straight forward model. This aims to help students understand key ideas and allows them to avoid unnecessary mathematical formality.
One strategy does not dominate another if they yield the same payoff again...
For example, to check if one of player 1’s strategies dominates another, just...
The definition of a strategy (a complete contingent plan) requires a specific...
1. Representing Games (1) elements of games : players, strategy set, infor...