Econometrics and Mathematical Economics

We make choices all the time — about trivial matters, about how to spend our money, about how to spend our time, about what to do with our lives. Choice Theory: A Very Short Introduction introduces ideas from economics, philosophy, and other areas, showing how the theory applies to everyday decisions, and to particular situations such as gambling and resource allocation. But what kind of criteria are we applying when we say that a choice is rational? What guides our own choices? What strategies should be applied in making decisions that affect a lot of people? This VSI explores what it means to be rational in all these contexts.Less

Game Theory: A Very Short Introduction provides insights into the games that are all around us. Game theory is about how to play such games in a rational way. Game theory has seen spectacular successes in evolutionary biology and economics, and is beginning to revolutionize other disciplines from psychology to political science. This Very Short Introduction introduces the fascinating world of game theory, showing how it can be understood without mathematical equations, and revealing that everything from how to play poker optimally to the sex ratio among bees can be understood by anyone willing to think seriously about the problem.Less