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Game Theory, by Guillermo Owen
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'Game Theory' has served as a standard text for game theory courses since the publication of the First Edition in 1968. The Fourth Edition updates several recently developed subfields. It has been enlarged by adding a new section dealing with the controversial 'Monty Hall Problem', showing how the solution can be easily obtained by using game theoretic methods; rather than those of conditional probability theory. A new chapter discusses the work of recent Nobel Laureates: this includes, on the one hand, Hurwicz, Maskin and Myerson's work on mechanism design, and, on the other hand, Roth's work on auctions and two-sided matchings.
- Sales Rank: #276293 in Books
- Published on: 2013-08-08
- Original language: English
- Number of items: 1
- Dimensions: 9.50" h x 1.20" w x 6.60" l, .0 pounds
- Binding: Hardcover
- 500 pages
Review
This fourth edition updates several recently developed subfields and has a new section on the 'Monty Hall Problem,' showing how game theory can be used to find the solution. There is additional new material on Hurwicz's, Markin's and Myerson's work on mechanical design and Roth's work on auctions and two-sided matchings. Other chapters include the definition of a 'game,' two-person zero-sum games, linear programing, infinite games, multistage games, games with incomplete information, utility theory, two-person general-sum games, two-person cooperative games, n-person games, stable sets, indices of power, the bargaining set and related concepts, nonatomic games, games without side payments, and spatial games. Distributed in North America by Turpin Distribution. --Annotation ©2014 Ringgold, Inc., Portland, OR (ProtoView.com)
About the Author
Guillermo Owen - Naval Postgraduate School, Monterey, CA, USA
Most helpful customer reviews
3 of 3 people found the following review helpful.
Game Theory from fundamentals to future mathematical concepts.
By Amazon Customer
Game Theory by Professor Guillermo Owen has been the seminal work on the subject since its first edition. Now in its 4th edition it covers the fundamental concepts such as the Extensive and Normal forms of games as well as the Minimax theorem core of the mathematical theory of games and the computation of Optimal Strategies. From the fundamental concepts the book moves into the critical concepts of game theory the Core, Nash equilibrium and Shapley Value. After that the latest contributions of Nobel winners are considered including Horwicz analysis of illegal movements.
Game Theory is part of the basic principles of modern Economics. The work discusses the concepts of Utility, Linear Programing and Public Goods among others. Another new feature is that the book is available online.
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