Top critical review
A lot of embedded examples, but not very practical.
on 26 November 2015
Let me start with what I think is good about the book:
It has a lot of examples embedded in the text. This helps a lot when trying to see the concepts applied. Particularly useful with undergrad students.
Now what I do not like.
It is extremely linear. Chapters are not self contained, and usually even in the examples you will have to go back to trace back many things, which is in some cases a waist of time.
It simplifies at an extreme of complicating stuff. Usually we see books like Tirole's (all of them) in which extreme simplification is crucial to explain hard concepts which otherwise would take too many pages of math until arrive to the real concept behind, and basically you have lost the main idea. Here the author tries to simplify the math, but ends up complicating it very much. For example in auctions, finding optimal strategies can be extremely easy and intuitive making assumptions on distribution of continuous valuation compared to discrete valuations. At least it is my personal preference.