He is also a founder of several successful e-commerce software companies. Beyond its obvious attractiveness, game theory is one of the fundamental techniques in decision systems.
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Its development spans almost a century and is still an open avenue of research. This is not true, though, as this short book nicely shows.
As Leyton-Brown and Shoham notice in the preface, it is rather difficult to imagine that anyone who wishes to enter the field of game theory is unaware of many, if not all, of the concepts discussed in the text. Therefore, this is a book with a concise, clear, and organized introduction to the main concepts of game theory.
For the ambitious reader, the book often discusses current scientific research. In other words, it is a gentle introduction, covering the basics of game theory to the current state of the art, in easy-to-read and understandable language.
NuoDB 4. Pasadena, CA. Stockholm, Sweden. Game theory is the mathematical study of interaction among independent, self-interested agents.
A Gentle Introduction to Game Theory - Semantic Scholar
The audience for game theory has grown dramatically in recent years, and now spans disciplines as diverse as political science, biology, psychology, economics, linguistics, sociology, and computer science, among others. What has been missing is a relatively short introduction to the field covering the common basis that anyone with a professional interest in game theory is likely to require.
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Such a text would minimize notation, ruthlessly focus on essentials, and yet not sacrifice rigor. This Synthesis Lecture aims to fill this gap by providing a concise and accessible introduction to the field. It covers the main classes of games, their representations, and the main concepts used to analyze them.
In most primate groups, competition is the norm, but humans form vast complex systems of cooperation. Humans live out their lives in societies and the outcomes to those social systems and our individual lives is largely a function of the nature of our interaction with others.
A central question of interest across the social sciences, economics, and management is this question of how people interact with each other and the structures of cooperation and conflict that emerge out of these. Of course, social interaction is a very complex phenomenon, we see people form friendships, trading partners, romantic partnerships, business compete in markets, countries go to war, the list of types of interaction between actors is almost endless.
For thousands of years, we have searched for the answers to why humans cooperate or enter into conflict by looking at the nature of the individuals themselves. But there is another way of posing this question, where we look at the structure of the system wherein agents interact, and ask how does the innate structure of that system create the emergent outcomes.
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The study of these systems is called game theory. Game theory is the formal study of situations of interdependence between adaptive agents and the dynamics of cooperation and competition that emerge out of this. These agents may be individual people, groups, social organizations, but they may also be biological creatures, they may be technologies. The concepts of game theory provide a language to formulate, structure, analyze, and understand strategic interactions between agents of all kind. Since its advent during the mid 20th-century game theory has become a mainstream tool for researchers in many areas most notably, economics, management studies, psychology, political science, anthropology, computer science and biology.
However, the limitations of classical game theory that developed during the mid 20th century are today well known.
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Thus, in this book, we will introduce you to the basics of classical game theory while making explicit the limitations of such models. We will build upon this basic understanding by then introducing you to new developments within the field such as evolutionary game theory and network game theory that try to expand this core framework.
In the first section, we will take an overview of game theory, we will introduce you to the models for representing games; the different elements involved in a game and the various factors that affect the nature and structure of a game being played. In the second section, we look at non-cooperative games.
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