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Clarendon Lectures in Economics Paperback – 10 Apr 1990

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Product details

  • Paperback: 204 pages
  • Publisher: OUP Oxford; New Ed edition (10 April 1990)
  • Language: English
  • ISBN-10: 0198283814
  • ISBN-13: 978-0198283812
  • Product Dimensions: 21.6 x 1.5 x 13.8 cm
  • Average Customer Review: 4.0 out of 5 stars  See all reviews (1 customer review)
  • Amazon Bestsellers Rank: 1,084,232 in Books (See Top 100 in Books)
  • See Complete Table of Contents

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Product Description


`fascinating little book'Jean Tirole, Journal of Economic Literature

`a book I could not put down ... the exposition is remarkably clear'Journal of Economic Perspectives

`Will rapidly be established as a basic reference for students and their teachers ... even the less mathematically inclined economists will find much to gain from the application of new game theory techniques in economics.'Scottish Journal of Political Economy

'It is partly a measure of how much macroeconomics has ceased to be a separate subject from microeconomics that workers in my field will now find so much to interest them in this book. It is more a measure of how engaging this book is.' Thomas J. Sargent, University of Chicago, Journal of Political Economy

'The writing is in a very personalised style. Though the book is putatively for the novice, or less formally trained reader, the presentation and the level of the debate does make certain demands. It nevertheless is frontline stuff.' Economics Times, April 1992

'I view Krep's discussions in the book as both interesting and helpful in describing certain key weaknesses of standard game theory.' Ronald Heiner, George Mason University, Constitutional Political Economy, Vol. 3, No. 1, 1992

'Kreps has written a book that makes a sincere attempt to demystify game theory for the uninitiated and set the stage for a serious appraisal of the scope and limitations of game theory ... it does manage to convey a flavour of the excitement that comes from grappling with strategic behaviour, and hopefully should convince the reader with an open mind that game theoretic questions and applications are abstractions of relevant economic issues.' Anindya Sen, Economic and Political Weekly, Vol XXVII No 14 April 4, 1992

About the Author

David M. Kreps is at Stanford University.

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Most Helpful Customer Reviews

2 of 2 people found the following review helpful By M. Dodsworth on 19 July 2009
Format: Paperback
I am a student hoping to study undergraduate economics next year. Knowing very little of what game theory is (above what is taught at A-level) I found this book very interesting. It began slowly with a good introduction on game theory and became progressively more complex but i feel it has been a very worthwhile read for someone who hopes to study economics.
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Most Helpful Customer Reviews on (beta) 7 reviews
35 of 36 people found the following review helpful
A lecture, not a book 15 Jan. 2001
By A Customer - Published on
Format: Paperback
This is an offhand lecture by a professional in the field. It's not a textbook or a monograph - it is a side look at the state of the field. The author explains why game theory was useful in explaining various phenomena, but at the same time gives us hints for why it failed to explain others. You will learn that the abundancy of equilibria and structure in repeated games will enable you to prove almost anything, which is the weakness rather than a strength of this tool. Kreps defines the limits of the field and tells the reader what is yet to be done in game theory - and why.
A good read after a theoretical textbook. It allows you to stop, turn around and ask yourself a few fundamental questions.
10 of 10 people found the following review helpful
A Very Nice Introduction to the Topic 4 Mar. 2006
By Mr. S. Ghosh - Published on
Format: Paperback
I picked up this book a couple of weeks back in order to broaden my knowledge of Game Theory in the field of economic modeling. Since I was looking for an introduction with brief explanations of topics, a few pointers etc.; I would say, I was very pleased with the content matter as well as with the manner of presentation.

What it is NOT: As have been mentioned by a few reviewers, this work is NOT a detailed text-book in Game Theory, or its varied applications, or Macroeconomic and Microeconomic Modeling. If you're looking for any or all of these, kindly refer to other works.

What it is: Instead, it's a very nice introduction into the world of "non-cooperative game theoretic economic modeling" especially in the context of bargaining between employers and workers, optimizing production function(s) for monopolistic firms, detecting incredible and credible threats etc. The introductions to Normal and Strategic forms of non-cooperative games theoretic representations, the "Folk Theorem", "von Stackelberg" type repetitive games etc are very nicely exemplified.

Kindly bear in mind: As the author mentions at the very beginning, it is not a text book. Anyone starting out on a journey of Game Theory in Macro-economic and Micro-economic modeling would do well, if he/she would read this work and then move on to a more comprehensive text-book. Since this work is not voluminous in size and very easily piled up (both to the author's credit), it's a very nice introduction to the subject.

4th March, 2006

Subhasish Ghosh

St. Cross College, University of Oxford
5 of 5 people found the following review helpful
Good Background 23 Feb. 2006
By Michael Thomas - Published on
Format: Paperback Verified Purchase
The intro suggests that this book is for a casual reader who is looking to understand Game Theory. I agree. I read this book along with the text by the same author and am very pleased that I did. I can understand his textbook much easier after reading the book. I feel like the book is a very interesting read, which never gets too technical. He indicates several points where a textbook would be better, that in this format he is just looking to give an overview. Regardless, I have found that studying game theory is much better having read this book. The topic can be a little overwhelming at first, but with Kreps, it comes out fine in the end.
Enjoyable 1 Sept. 2013
By jacob - Published on
Format: Paperback Verified Purchase
I would recommend this book for someone interested in economics, and in particular game theory, but not for the advanced game theorist student (unless they are a huge nerd like me and want to read everything on the subject). He very clearly and concisely points out the "ups and downs" of game theory in such a way that the non-mathematician could easily understand. The only reason I did not give it 5 stars is because it is somewhat expensive and I skipped most of the introductory chapter that gives an overview of game theory.
concise, to the point, a bit pompous imho 30 Aug. 2014
By kalm77 - Published on
Format: Paperback Verified Purchase
written a bit pompously, but if it's the transcription of some celebratory guest lectures at university, then that explains it. It is a concise overview of game theory and applications to business.
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