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This landmark work significantly advances the literature on game theory with a masterful conceptual presentation of the CORE working papers published in 1994.
List of contents
1. Basic results on normal-form games; 2. Basic results on extensive-form games; 3. The beliefs space; 4. General model of repeated games; 5. Recursive games; 6. Incomplete information on two sides; 7. Stochastic games; 8. Extensions and further results; 9. Non-zero-sum games with incomplete information.
About the author
The late Jean-François Mertens (11 March 1946-17 July 2012) was a Belgian game theorist and mathematical economist. He earned his PhD from the Université Catholique de Louvain, where he spent his career, and was heavily involved with the university's Center for Operations Research and Econometrics (CORE). Mertens was one of the world's leaders in game theory and economic theory. He is the author and coauthor of seminal papers on equilibrium selection in games, formulation of Bayesian analysis, repeated games, stochastic games, the strategic foundations of general equilibrium theory, social choice theory, and dynamic general equilibrium. He was a founding member of the Center for Game Theory in Economics, State University of New York at Stony Brook, and remained an affiliated member until his death. He was elected a Fellow of the Econometric Society in 1981.
Summary
Based on a set of working papers published by the Center for Operations Research and Econometrics (CORE) at the Université Catholique de Louvain in 1994, this landmark work significantly advances the literature on game theory with its masterful conceptual presentation. Challenging and important problems are set up as exercises, with detailed hints for their solutions.
Additional text
Advance praise: 'The study of long-term interactions - 'repeated games' - is one of the most fascinating, and fruitful, areas of research in game theory. The content of this volume - with its outstanding coverage, both broad and deep, and written by the leading experts - has long been regarded as the 'bible' of this area. It is high time that it be made widely available in book form.' Sergiu Hart, Alice Kusiel and Kurt Vorreuter University Professor, The Hebrew University of Jerusalem
