Strategy and Game Theory: Practice Exercises with Answers

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Strategy and Game Theory: Practice Exercises with Answers (Springer Texts in Business and Economics)

This textbook presents worked-out exercises on game theory with detailed step-by-step explanations. While most textbooks on game theory focus on theoretical results, this book focuses on providing practical examples in which students can learn to systematically apply theoretical solution concepts to different fields of economics and business. The text initially presents games that are required in most courses at the undergraduate level and gradually advances to more challenging games appropriate for masters level courses. The first six chapters cover complete-information games, separately analyzing simultaneous-move and sequential-move games, with applications in industrial economics, law, and regulation. Subsequent chapters dedicate special attention to incomplete information games, such as signaling games, cheap talk games, and equilibrium refinements, emphasizing common steps and including graphical illustrations to focus studentsâ€™ attention on the most relevant payoff comparisons at each point of the analysis. Â In addition, exercises are ranked according to their difficulty, with a letter (A-C) next to the exercise number. This allows students to pace their studies and instructors to structure their classes accordingly. By providing detailed worked-out examples, this text gives students at various levels the tools they need to apply the tenets of game theory in many fields of business and economics. This text is appropriate for introductory-to-intermediate courses in game theory at the upper undergraduate and masterâ€™s level.Â Â

Country	USA
Binding	Kindle Edition
Edition	1st ed. 2016
EISBN	9783319329635
Format	Kindle eBook
Label	Springer
Manufacturer	Springer
NumberOfPages	341
PublicationDate	2016-08-10
Publisher	Springer
ReleaseDate	2016-08-10
Studio	Springer

Strategy and Game Theory: Practice Exercises with Answers (Springer Texts in Business and Economics)

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