Game Theory and Economic Behaviour
Author | : Reinhard Selten (Economist, Germany) |
Publisher | : Edward Elgar Publishing |
Total Pages | : 924 |
Release | : 1999-03-24 |
ISBN-10 | : 1781008299 |
ISBN-13 | : 9781781008294 |
Rating | : 4/5 (99 Downloads) |
Book excerpt: 'These two volumes constitute an impressive collection of selected path-breaking works of Professor Selten. . . . Edward Elgar Publications deserve merit for bringing out most frequently-cited and prominent articles of Professor Selten in a conveniently available package.' - K. Ravikumar, Journal of Scientific and Industrial Research In 1994, the Nobel Prize was awarded to Reinhard Selten, John Nash and John Harsanyi, for pioneering analysis in game theory. Selten was the first to refine the Nash equilibrium concept of non-cooperative games for analysing dynamic strategic interaction and to apply these concepts to analyses of oligopoly.