## Game Theory: A Very Short IntroductionGames are everywhere: Drivers manoeuvring in heavy traffic are playing a driving game. Bargain hunters bidding on eBay are playing an auctioning game. A firm negotiating next year's wage is playing a bargaining game. The opposing candidates in an election are playing a political game. The supermarket's price for corn flakes is decided by playing an economic game. Game theory is about how to play such games in a rational way. Even when the players have not thought everything out in advance, game theory often works for the same reason that mindless animals sometimes end up behaving very cleverly: evolutionary forces eliminate irrational play because it is unfit. Game theory has seen spectacular successes in evolutionary biology and economics, and is beginning to revolutionize other disciplines from psychology to political science. This Very Short Introduction introduces the fascinating world of game theory, showing how it can be understood without mathematical equations, and revealing that everything from how to play poker optimally to the sex ratio among bees can be understood by anyone willing to think seriously about the problem. ABOUT THE SERIES: The Very Short Introductions series from Oxford University Press contains hundreds of titles in almost every subject area. These pocket-sized books are the perfect way to get ahead in a new subject quickly. Our expert authors combine facts, analysis, perspective, new ideas, and enthusiasm to make interesting and challenging topics highly readable. |

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I was trying to study this course, but failed to develop interest in it as it is purely theoritical. Then One of my senior saved my life by giving this book. It really helped to build some interest in this course.

#### Review: Game Theory: A Very Short Introduction (Very Short Introductions #170)

User Review - Justin McDonald - GoodreadsVery interesting, but technical. I kept waiting for him to talk about GTA IV, but nothing. Just "prisoner's dilemma" this and "Nash equilibrium" that. Seriously though, Game Theory is an ... Read full review

### Contents

List of illustrations | |

Chapter 1The name of the game | |

Chapter 2Chance | |

Chapter 3Time | |

Chapter 4Conventions | |

Chapter 5Reciprocity | |

Chapter 6Information | |

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### Common terms and phrases

Alice and Bob Alice’s average backward induction basin of attraction behave behaviour best reply Bob and Carol Bob’s chance move Chapter Chicken choice choose coalition common knowledge convention cooperative game degree of relationship dollar dominated strategy Driving Game economists equally evolution evolutionary example fallacy Figure folk theorem game tree gene Hamilton’s Hawk-Dove Game housework human Hymenoptera indefinitely repeated John Nash Ken Binmore Kidnap Matching Pennies maximin payoff maximin strategies maximize minimax theorem mixed equilibrium mixed strategy Nash bargaining solution Nash equilibrium Neumann offer outcome paradox payoff table play hawk Poker population predict prefer probability problem punish pure strategies rational players reason repeated game replicator dynamics shows signal social sometimes species stable set Stag Hunt Game subgame subgame-perfect equilibrium symmetric games telecom tell theorists TIT-FOR-TAT toy model Trust Minigame Ultimatum Game Ultimatum Minigame University Press utils valuation vote winning zero-sum game