Game Theory: A Critical Introduction

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Product Description

In recent years game theory has swept through all of the social sciences. Its practitioners have great designs for it, claiming that it offers an opportunity to unify the social sciences and that it it the natural foundation of a rational theory of society. Game Theory is for those who are intrigued but baffled by these claims, and daunted by the technical demands of most introductions to the subject.

Requiring no more than simple arithmetic, the book:


* Traces the origins of Game Theory and its philosophical premises

* Looks at its implications for the theory of bargaining and social contract theory

* Gives a detailed exposition of all of the major `games' including the famous `prisoner's dilemma'

* Analyses cooperative, non cooperative, repeated, evolutionary and experimental games

Game Theory: A Critical Introduction Review

This is an excellent book. An introduction to game theory for those who approach the field with some skepticism. The book gives you all the important essential elements of non-cooperative and evolutionary game theory but with a much deeper emphasis on understanding its essential methodological and philosophical underpinnings yet without too much formalism. The authors do a superb job of introducing the topics via a tour of important moral, political, and philosophical ideas and debates mentioning Marx, Smith, Hobbes, Habermas, Hume, Locke and others. The book takes several detours to offer useful expositions of terms and debates such as methodological individualism, common knowledge, equilibrium, learning, morality, norms, etc. I'd recommend this book for two types of people: (1) those who plan to read just one book about game theory (because you don't think it's your cup of tea); and (2) those who plan on learning game theory rigorously (so that you can get a picture of the forest before getting lost in the trees).

This is not just one of my favorite books amongst the several books that I have read on game theory and mechanism design, but also one of the most thumbed book in my entire book collection.

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