A General Theory of Equilibrium Selection in Games - John C. Harsanyi - Books - MIT Press Ltd - 9780262582384 - June 29, 1988
In case cover and title do not match, the title is correct

John C. Harsanyi
A General Theory of Equilibrium Selection in Games

Price
$ 53.99
excl. VAT

Ordered from remote warehouse

Expected to be ready for shipping Jun 9 - 15

Our customers say:

14-day return policy in accordance with European consumer protection law
Top ranking on Trustpilot
Add to your iMusic wish list

The authors, two of the most prominent game theorists of this generation, have devoted a number of years to the development of the theory presented here, and to its economic applications. They propose rational criteria for selecting one particular uniformly perfect equilibrium point as the solution of any noncooperative game. And, because any cooperative game can be remodelled as a noncooperative bargaining game, their theory defines a one-point solution for any cooperative game as well. By providing solutions - based on the same principles of rational behavior - for all classes of games, both cooperative and noncooperative, both those with complete and with incomplete information, Harsanyi and Selten's approach achieves a remarkable degree of theoretical unification for game theory as a whole and provides a deeper insight into the nature of game-theoretic rationality. The book applies this theory to a number of specific game classes, such as unanimity games; bargaining with transaction costs; trade involving one seller and several buyers; two-person bargaining with incomplete information on one side, and on both sides. The last chapter discusses the relationship of the authors' theory to other recently proposed solution concepts, particularly the Kohberg-Mertens stability theory.
show more

Media Books     Paperback Book   (Book with soft cover and glued back)
Released June 29, 1988
ISBN13 9780262582384
Publishers MIT Press Ltd
Pages 365
Dimensions 152 × 229 × 22 mm   ·   544 g
Language English  

More by John C. Harsanyi

Show all

Mere med samme udgiver

See all of John C. Harsanyi ( e.g. Paperback Book )