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  3. Epistemic Game Theory
  • Cited by 117
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    • Publisher:
      Cambridge University Press
      Publication date:
      July 2012
      June 2012
      ISBN:
      9780511844072
      9781107008915
      9781107401396
      DOI:
      https://doi.org/10.1017/CBO9780511844072
      Dimensions:
      (247 x 174 mm)
      Weight & Pages:
      1.12kg, 580 Pages
      Dimensions:
      (247 x 174 mm)
      Weight & Pages:
      1.13kg, 580 Pages
      • Subjects:
      Economics, Microeconomics
    You may already have access via personal or institutional login
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    Subjects:
    Economics, Microeconomics
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    Book description

    In everyday life we must often reach decisions while knowing that the outcome will not only depend on our own choice, but also on the choices of others. These situations are the focus of epistemic game theory. Unlike classical game theory, it explores how people may reason about their opponents before they make their final choice in a game. Packed with examples and practical problems based on stories from everyday life, this is the first textbook to explain the principles of epistemic game theory. Each chapter is dedicated to one particular, natural way of reasoning. The book then shows how each of these ways of reasoning will affect the final choices that can rationally be made and how these choices can be found by iterative procedures. Moreover, it does so in a way that uses elementary mathematics and does not presuppose any previous knowledge of game theory.

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