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Games and information. An introduction to game theory. (English) Zbl 0699.68006

Oxford etc.: Blackwell. 352 p. £25.00 (1989).
The book gives an introductory survey of contemporary non-cooperative game theory and its application to Economics. The first part discusses games in normal and extensive form and solution concepts for both the normal and the extensive form game, with emphasis on refinements of the Nash equilibrium. The second part treats models of asymmetric information, bargaining, signalling, auctions, location problems, product differentiation.
The book is intended for a non-mathematically oriented audience, and takes care to explain the intuition behind the models rather than the precise formulation. Proofs of results are not given. The style of presentation is leisurely. However, the attempt to cover everything results in many halfway explanations; too many details are only hinted, so that after all the book may not be quite as easy accessible as intended. It would have been easier to pass over such very minor shortcomings without the many extremely praising statements to the contrary on the cover of the book.
Reviewer: H.Keiding

MSC:

68-02 Research exposition (monographs, survey articles) pertaining to computer science
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