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7. Auctions

7. Auctions  

Ken Binmore

in Game Theory: A Very Short Introduction

Print Publication Year: 
Oct 2007
Published Online: 
Sep 2013
eISBN: 
9780191776991
DOI: 
10.1093/actrade/9780199218462.003.0007
Item type: 
chapter
ISBN: 
9780199218462
‘Auctions’ examines the structure of auctions. Mechanism design allows principals to persuade their agents to behave in a certain way through regulations and incentives. Public asset ... More
9. Bargaining and coalitions

9. Bargaining and coalitions  

Ken Binmore

in Game Theory: A Very Short Introduction

Print Publication Year: 
Oct 2007
Published Online: 
Sep 2013
eISBN: 
9780191776991
DOI: 
10.1093/actrade/9780199218462.003.0009
Item type: 
chapter
ISBN: 
9780199218462
‘Bargaining and coalitions’ investigates cooperative game theory. Cooperative game theory is not the antithesis of noncooperative game theory. It simply assumes that players have solutions ... More
2. Chance

2. Chance  

Ken Binmore

in Game Theory: A Very Short Introduction

Print Publication Year: 
Oct 2007
Published Online: 
Sep 2013
eISBN: 
9780191776991
DOI: 
10.1093/actrade/9780199218462.003.0002
Item type: 
chapter
ISBN: 
9780199218462
‘Chance’ explores the application of mixed strategies. Mixed strategies involve a player randomizing their choice of pure strategy in order to keep their opponent guessing. This gives rise ... More
4. Conventions

4. Conventions  

Ken Binmore

in Game Theory: A Very Short Introduction

Print Publication Year: 
Oct 2007
Published Online: 
Sep 2013
eISBN: 
9780191776991
DOI: 
10.1093/actrade/9780199218462.003.0004
Item type: 
chapter
ISBN: 
9780199218462
‘Convention’ explores the role of conventions in games and society. Conventions may be entirely arbitrary, but are extremely important in society. Humans will invent conventions in ... More
8. Evolutionary biology

8. Evolutionary biology  

Ken Binmore

in Game Theory: A Very Short Introduction

Print Publication Year: 
Oct 2007
Published Online: 
Sep 2013
eISBN: 
9780191776991
DOI: 
10.1093/actrade/9780199218462.003.0008
Item type: 
chapter
ISBN: 
9780199218462
‘Evolutionary biology’ applies game theory to evolutionary scenarios. In evolutionary game theory we can equate behaviour as strategy, and fitness as utility. Anything — be it a gene or an ... More
6. Information

6. Information  

Ken Binmore

in Game Theory: A Very Short Introduction

Print Publication Year: 
Oct 2007
Published Online: 
Sep 2013
eISBN: 
9780191776991
DOI: 
10.1093/actrade/9780199218462.003.0006
Item type: 
chapter
ISBN: 
9780199218462
‘Information’ looks at the role information plays in games. When players hold imperfect information game theorists need to keep track of what is known, and when. Playing a game like poker ... More
1. The name of the game

1. The name of the game  

Ken Binmore

in Game Theory: A Very Short Introduction

Print Publication Year: 
Oct 2007
Published Online: 
Sep 2013
eISBN: 
9780191776991
DOI: 
10.1093/actrade/9780199218462.003.0001
Item type: 
chapter
ISBN: 
9780199218462
‘The name of the game’ gives a brief introduction to game theory. Game scenarios are all around us, and a theory which predicts how people will behave in such games would be very useful ... More
10. Puzzles and paradoxes

10. Puzzles and paradoxes  

Ken Binmore

in Game Theory: A Very Short Introduction

Print Publication Year: 
Oct 2007
Published Online: 
Sep 2013
eISBN: 
9780191776991
DOI: 
10.1093/actrade/9780199218462.003.0010
Item type: 
chapter
ISBN: 
9780199218462
‘Puzzles and paradoxes’ discredits many of the fallacies which have developed in game theory. One of the most popular devices is the Prisoner's Dilemma. Many fallacies exist in people's ... More
5. Reciprocity

5. Reciprocity  

Ken Binmore

in Game Theory: A Very Short Introduction

Print Publication Year: 
Oct 2007
Published Online: 
Sep 2013
eISBN: 
9780191776991
DOI: 
10.1093/actrade/9780199218462.003.0005
Item type: 
chapter
ISBN: 
9780199218462
‘Reciprocity’ examines the effects of reciprocal behaviour. Reciprocity should only be possible in repeated games, and if this series of games has a finite end backwards induction should ... More
3. Time

3. Time  

Ken Binmore

in Game Theory: A Very Short Introduction

Print Publication Year: 
Oct 2007
Published Online: 
Sep 2013
eISBN: 
9780191776991
DOI: 
10.1093/actrade/9780199218462.003.0003
Item type: 
chapter
ISBN: 
9780199218462
‘Time’ outlines how strategies can be affected by timing. Strategies in chess or poker depend on when something happens, as well as what it is. These can be explained using payoff tables, ... More

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