Applied Game Theory and Strategic Behavior

2016 ◽  
Author(s):  
Ilhan K. Geckil
Keyword(s):  
Game Theory ◽  
Strategic Behavior ◽  
Applied Game Theory

Reputation and Gossip in Game Theory

2019 ◽  
pp. 213-229
Author(s):  
Charles Roddie
Keyword(s):  
Game Theory ◽  
Strategic Behavior ◽  
Third Party ◽  
The Past ◽  
Past Behavior ◽  
Future Behavior ◽  
The Game Theory ◽  
Shed Light

When interacting with others, it is often important for you to know what they have done in similar situations in the past: to know their reputation. One reason is that their past behavior may be a guide to their future behavior. A second reason is that their past behavior may have qualified them for reward and cooperation, or for punishment and revenge. The fact that you respond positively or negatively to the reputation of others then generates incentives for them to maintain good reputations. This article surveys the game theory literature which analyses the mechanisms and incentives involved in reputation. It also discusses how experiments have shed light on strategic behavior involved in maintaining reputations, and the adequacy of unreliable and third party information (gossip) for maintaining incentives for cooperation.

Economic Theory and the Interpretation of GATT/WTO

2002 ◽  
Vol 46 (2) ◽  
pp. 3-19 ◽  
Author(s):  
Kyle Bagwell ◽  
Robert W. Staiger
Keyword(s):  
Game Theory ◽  
Economic Theory ◽  
International Trade ◽  
Trade Liberalization ◽  
Theoretical Interpretation ◽  
Future Research ◽  
The Past ◽  
Remarkable Degree ◽  
Applied Game Theory ◽  
Key Features

Over the past 50 years, a remarkable degree of trade liberalization has been achieved through GATT/WTO negotiations. In this paper, we describe work that provides a theoretical interpretation of this institution. We emphasize two key features of GATT/WTO: reciprocity and enforcement. We also identify important areas for future research. The work described here contributes to the fields of International Trade and Applied Game Theory.

Trade Wars, Trade Negotiations and Applied Game Theory

1991 ◽  
Vol 101 (406) ◽  
pp. 420 ◽  
Author(s):  
Glenn W. Harrison ◽  
E. E. Rutstrom
Keyword(s):  
Game Theory ◽  
Trade Negotiations ◽  
Applied Game Theory ◽  
Trade Wars

scholarly journals New Directions for Modelling Strategic Behavior: Game-Theoretic Models of Communication, Coordination, and Cooperation in Economic Relationships

2016 ◽  
Vol 30 (4) ◽  
pp. 131-150 ◽  
Author(s):  
Vincent P. Crawford
Keyword(s):  
Game Theory ◽  
Nash Equilibrium ◽  
Strategic Behavior ◽  
Economic Problem ◽  
Noncooperative Game ◽  
Economic Relationships ◽  
Future Developments ◽  
New Directions ◽  
Game Theoretic

In this paper, I discuss the state of progress in applications of game theory in economics and try to identify possible future developments that are likely to yield further progress. To keep the topic manageable, I focus on a canonical economic problem that is inherently game-theoretic, that of fostering efficient coordination and cooperation in relationships, with particular attention to the role of communication. I begin with an overview of noncooperative game theory's principal model of behavior, Nash equilibrium. I next discuss the alternative “thinking” and “learning” rationales for how real-world actors might reach equilibrium decisions. I then review how Nash equilibrium has been used to model coordination, communication, and cooperation in relationships, and discuss possible developments

Applied Game Theory in Business Analytics

2014 ◽  
pp. 156-167 ◽  
Author(s):  
William P. Fox
Keyword(s):  
Game Theory ◽  
Decision Making ◽  
Nash Equilibrium ◽  
Pure Strategy ◽  
Business Analytics ◽  
Competitive Situation ◽  
Present Solution ◽  
Different Types ◽  
Applied Game Theory ◽  
Decision Making Tool

In this chapter we introduce the concept of game theory and its use as a decision making tool in a competitive situation among players. We define and describe some different types of games and solution methodologies. We present the assumptions regarding these different types of game. We define and represent the different types of games between two players as either total conflict or partial conflict. We present solution techniques to both total conflict and partial conflict games. We present both pure strategy and mixed strategy solutions. We discuss the Nash equilibrium.

Game models for economic problems

2019 ◽  
Author(s):  
Виктор Невежин ◽  
Victor Nevezhin ◽  
Александр Богомолов ◽  
Aleksandr Bogomolov
Keyword(s):  
Game Theory ◽  
Strategic Behavior ◽  
Optimal Strategies ◽  
Federal State ◽  
Mixed Strategies ◽  
Mathematical Methods ◽  
Design Work ◽  
Matrix Games ◽  
Analytical Services ◽  
State Educational

The tutorial examines the theoretical and practical aspects of game theory, which are included in such studied disciplines as “Game Theory”, “Elements of Game Theory”, “Game Theory and Strategic Behavior of Firms”, “Mathematical Methods and Models of Operations Research”, etc. Examples and tasks for performing design work on topics are presented: solving matrix games in pure strategies; solving 2 × 2 matrix games in mixed strategies and modeling results; methods for solving m × n matrix games in mixed strategies; bimatrix games, games with nature, finding equilibrium and optimal strategies according to Nash and Pareto. The topics considered are accompanied by a brief theory, the solution of typical examples, as well as tasks for independent work by students. The theoretical and practical material set out in the textbook complies with the requirements of the Federal State Educational Standard of Higher Education of the last generation in the areas of training 38.03.01 and 38.04.01. The manual is intended for bachelors, masters and graduate students of economic specialties, university professors, researchers and specialists of analytical services

Applied Game Theory.

1982 ◽  
Vol 77 (377) ◽  
pp. 215
Author(s):  
William F. Lucas ◽  
S. J. Brams ◽  
A. Schotter ◽  
G. Schwodiauer
Keyword(s):  
Game Theory ◽  
Applied Game Theory
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