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Epistemic Game Theory
Reasoning and Choice

$57.99 (P)

  • Date Published: July 2012
  • availability: Available
  • format: Paperback
  • isbn: 9781107401396

$ 57.99 (P)

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About the Authors
  • 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.

    • The first textbook to explain the principles of epistemic game theory for an advanced undergraduate and postgraduate audience
    • Uses many interesting examples and exercises to show how epistemic game theory can be applied to choices in everyday life
    • Written in a non-technical way that presupposes no previous knowledge of game theory
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    Product details

    • Date Published: July 2012
    • format: Paperback
    • isbn: 9781107401396
    • length: 580 pages
    • dimensions: 244 x 173 x 28 mm
    • weight: 1.13kg
    • contains: 54 b/w illus. 117 tables
    • availability: Available
  • Table of Contents

    1. Introduction
    Part I. Standard Beliefs in Static Games:
    2. Belief in the opponents' rationality
    3. Common belief in rationality
    4. Simple belief hierarchies
    Part II. Lexicographic Beliefs in Static Games:
    5. Primary belief in the opponent's rationality
    6. Respecting the opponent's preferences
    7. Assuming the opponent's rationality
    Part III. Conditional Beliefs in Dynamic Games:
    8. Belief in the opponents' future rationality
    9. Strong belief in the opponents' rationality

  • Instructors have used or reviewed this title for the following courses

    • Game Theory for Business and Economics
    • Games & Decisions
    • Introduction to Game Theory
    • Philosophy of social sciences
    • Reasoning about knowledge
  • Author

    Andrés Perea, Universiteit Maastricht, Netherlands
    Andrés Perea is Associate Professor in the Department of Quantitative Economics, Maastricht University, The Netherlands. He has taught courses on epistemic game theory at several European universities and is the author of Rationality in Extensive Form Games (2001).

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