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Game Theory and Economic Modelling (Clarendon Lectures in Economics) by David M. Kreps is a nonfiction available to read on EtoBox.

What is Game Theory and Economic Modelling (Clarendon Lectures in Economics) about?

## Abstract Beginning in the early to the mid‐1970s, non‐cooperative game theory became an important tool of economics. This book is based on a series of lectures given at Oxford, and comments on this use of non‐cooperative game theory. After providing a non‐technical introduction to the basic ideas of non‐cooperative game theory, the book discusses: (1) how and why game theory has been a success—because it permits economists to model and analyse situations of dynamic competition and where private information plays an important role; (2) how and why the theory has failed—to provide an understanding of when it (and equilibrium analysis) applies, when not, and what to do when not; and (3) how its weaknesses might be addressed—by considering individuals who are imperfectly rational and learn adaptively.

Who reads Game Theory and Economic Modelling (Clarendon Lectures in Economics)?

Author

David M. Kreps

Publisher

Oxford University PressOxford

Published

1990

Language

EN

ISBN

9781281989475

Category

nonfiction

Subjects

Mathematics, Economics, Stem

Rating

3.61 / 5 (18 ratings)

Updated

2026-03-14