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Customer Review

on 15 September 2002
This is a well-written introductory book on game theory. The
theory is presented in 12 chapters (about 600 pages). It's
title is completely justified. The author manages to present
the various aspects of game theory in a well-written, fun to read way.
The author's vast teaching and research experience is reflected to the high quality of the book. It is suitable for
both undergraduate students who wish to learn basic things about
game theory and graduate students who use game theory in
research. It is a book whose audience is not restricted to
economists, but anyone may read it, since the necessary math
background is also provided.
The book starts from the game and its various forms definitions,
then presents lotteries, utility functions and payoffs. A
chapter is dedicated to bargaining. Much discussion on pure and
mixed strategies, Von Neumann-Morgenstern utilities, Nash and
subgame perfect equilibria is also provided. Then, repeated
games are introduced, the critical role of presence or absence
of full information and knowledge in such games is thoroughly
All this theory is presented in an easy to understand way. This
book's major contribution besides presenting a variety of game
theory topics in a solid and theoretically justified way is
that it teaches the reader how to apply the theory in
practise. It also contains much discussion on common fallacies
and misinterpretations on some of these issues, which is really
Last but not least, it contains a vast number of exercises at the
end of each chapter. I wish more emphasis and generic results on
zero-sum and repeated games had been provided by the author.
Nevertheless, it is a book that is worth buying and should be
read from cover to cover. This is an excellent introductory
book, a similar more advanced book is Fundenberg and Tirole's
Game Theory.
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3.0 out of 5 stars