Book Reviews

2017 ◽  
Vol 55 (1) ◽  
pp. 217-218

Andrés Perea of Maastricht University reviews “The Theory of Extensive Form Games,” by Carlos Alós-Ferrer and Klaus Ritzberger. The Econlit abstract of this book begins: “Extends the theory of extensive-form games to the general case without any finiteness and synthesizes different models that have been proposed for extensive-form games. Discusses game trees; pseudotrees and order theory; extensive decision problems; extensive forms; discrete extensive forms; and equilibrium.”

2021 ◽  
Author(s):  
Philipp E. Otto

AbstractThe Monty Hall game is one of the most discussed decision problems, but where a convincing behavioral explanation of the systematic deviations from probability theory is still lacking. Most people not changing their initial choice, when this is beneficial under information updating, demands further explanation. Not only trust and the incentive of interestingly prolonging the game for the audience can explain this kind of behavior, but the strategic setting can be modeled more sophisticatedly. When aiming to increase the odds of winning, while Monty’s incentives are unknown, then not to switch doors can be considered as the most secure strategy and avoids a sure loss when Monty’s guiding aim is not to give away the prize. Understanding and modeling the Monty Hall game can be regarded as an ideal teaching example for fundamental statistic understandings.


Author(s):  
Aviad Heifetz ◽  
Martin Meier ◽  
Burkhard C. Schipper

2005 ◽  
pp. 159-178
Author(s):  
James Bergin

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