Game Theory: A Very Brief and Non-Technical Introduction (e-book) (used book) | bookbook.eu

Description

In this introductory text, we explain the key concepts and strategies of game theory, alongside the well-known 'games' in which these principles are put to the test. Instead of overwhelming the reader with complex equations and jargon, we unravel the fascinating world of game theory through engaging and entertaining narratives, presenting the fundamentals of the field in an accessible style. Perfect for students beginning their journeys in economic theory and general readers alike, this book will foster an understanding of the hidden strategies at play in all kinds of human interaction.Game theory, which can also be referred to as the science of strategy, is the study of how agents -- individuals, firms, institutions and governments -- make a decision when the outcome of their moves depends on the decisions of others. In these situations, the agents sometimes cooperate, sometimes clash, sometimes do both and sometimes act randomly. From low-stakes, everyday decisions to pivotal negotiations between international governments, game theory is applicable to all aspects of our lives as social beings. Written in a simple and accessible manner, this book is suitable for both students and general readers.