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GAME THEORY
A Nontechnical Introduction to the Analysis of Strategy
(3rd Edition)
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GAME THEORY
A Nontechnical Introduction to the Analysis of Strategy
(3rd Edition)
Roger A McCain
Drexel University, USA
World Scientific
NEW JERSEY
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LONDON
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•
SINGAPORE
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BEIJING
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SHANGHAI
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HONG KONG
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TA I P E I
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CHENNAI
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Published by
World Scientific Publishing Co. Pte. Ltd.
5 Toh Tuck Link, Singapore 596224
USA office: 27 Warren Street, Suite 401-402, Hackensack, NJ 07601
Game Theory Downloaded from www.worldscientific.com by 50.23.131.206 on 11/12/14. For personal use only.
UK office: 57 Shelton Street, Covent Garden, London WC2H 9HE
Library of Congress Cataloging-in-Publication Data
McCain, Roger A. Game theory : a nontechnical introduction to the analysis of strategy / by Roger A McCain
(Drexel University, USA). -- 3rd edition. pages cm Includes index. ISBN 978-9814578875 1. Game theory. I. Title. QA269.M425 2014 519.3--dc23 2013049593
British Library Cataloguing-in-Publication Data
A catalogue record for this book is available from the British Library.
Copyright © 2014 by World Scientific Publishing Co. Pte. Ltd.
All rights reserved. This book, or parts thereof, may not be reproduced in any form or by any means, electronic or mechanical, including photocopying, recording or any information storage and retrieval system now known or to be invented, without written permission from the publisher.
For photocopying of material in this volume, please pay a copying fee through the Copyright Clearance
Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, USA. In this case permission to photocopy is not required from the publisher.
In-House Editors: Sutha Surenddar/Sandhya Venkatesh
Typeset by Stallion Press
Email: enquiries@stallionpress.com
Printed in Singapore
B1690
Game Theory: A Nontechnical Introduction to the Analysis of Strategy (3rd Edition)
Game Theory Downloaded from www.worldscientific.com by 50.23.131.206 on 11/12/14. For personal use only.
Contents
Preface to the Third Edition
vii
Chapter 1
Conflict, Strategy, and Games
Chapter 2
Some Foundations
21
Chapter 3
Dominant Strategies and Social Dilemmas
43
Chapter 4
Nash Equilibrium and Rationalizable Strategies
63
Chapter 5
Games with Two or More Nash Equilibria
89
Chapter 6
Duopoly Strategies and Prices
107
Chapter 7
Three-Person Games
135
Chapter 8
Probability and Game Theory
157
Chapter 9
Mixed Strategy Nash Equilibria
183
Chapter 10
N-Person Games
207
Chapter 11
Further Topics on Games in Normal Form
235
Chapter 12
Sequential Games
267
Chapter 13
Imbedded Games
297
Chapter 14
Repeated Play
325
Chapter 15
Indefinitely Repeated Play
347
Chapter 16
Elements of Cooperative Games
375
Chapter 17
Bargaining
413
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Game Theory: A Nontechnical Introduction to the Analysis of Strategy (3rd Edition)
vi
Game Theory Downloaded from www.worldscientific.com by 50.23.131.206 on 11/12/14. For personal use only.
Chapter 18
Contents
Games, Experiments and Behavioral
Game Theory
447
Chapter 19
Evolution and Adaptive Learning
477
Chapter 20
Voting Games
503
Chapter 21
Auctions
529
Chapter 22
Game Theory, Law and Social Mechanism
Design
555
Name and Subject Index
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579
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B1690
Game Theory: A Nontechnical Introduction to the Analysis of Strategy (3rd Edition)
Game Theory