Strategy and Game Theory : Practice Exercises with Answers

Strategy and Game Theory : Practice Exercises with Answers


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 students' attention on the most relevant payoff comparisons at each point of the analysis. 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 master's level.

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Felix Munoz-Garcia, Daniel Toro-gonzalez
Paperback | 341 pages
155 x 235 x 19.3mm | 563g
Publication date
12 Jun 2018
Springer International Publishing AG
Publication City/Country
Cham, Switzerland
Edition Statement
Softcover reprint of the original 1st ed. 2016
Illustrations note
34 Tables, color; 156 Illustrations, color; 103 Illustrations, black and white; XIV, 341 p. 259 illus., 156 illus. in color.