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Game Theory and Society Weiying Zhang (Peking University, Beijing, China)

Game Theory and Society By Weiying Zhang (Peking University, Beijing, China)

Game Theory and Society by Weiying Zhang (Peking University, Beijing, China)


£42.59
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Summary

This book systematically introduces the basic methodologies and core conclusions of Game Theory, and analyzes various Chinese social issues and institutional arrangements by utilizing these methods and conclusions, aiming to address the issue of how people can cooperate better.

Game Theory and Society Summary

Game Theory and Society by Weiying Zhang (Peking University, Beijing, China)

The progress of society can only happen through interpersonal cooperation, because only cooperation can bring about mutual benefit, thus bringing happiness to each person. This should be our collective rationality, but we often see it conflicts with individual interests, which leads to the so-called Prisoners' Dilemma and does not bring happiness to all.

From a game theoretical perspective, this book addresses the issue of how people can cooperate better. It has two objectives. The first is to use common language to systematically introduce the basic methodologies and core conclusions of Game Theory, including the Nash equilibrium, multiple equilibriums, dynamic games, etc. Mathematics and theoretical models are used to the minimum necessary scope too, to make this book get access to ordinary readers with elementary mathematical training. The second objective is to utilize these methods and conclusions to analyze various Chinese social issues and institutional arrangements, with a focus on the reasons people exhibit non-cooperative behaviors as well as the institutions and cultures that promote interpersonal cooperation.

In addition to economics, specialists in sociology, law, history, politics and management will also be attracted by this book for its insightful analysis on the issue of cooperation in these fields. Also, readers curious about Chinese society will benefit from this book.

About Weiying Zhang (Peking University, Beijing, China)

Weiying Zhang is a Professor of economics at Peking University. His research interests include Applied Game Theory, information economics, corporate governance, Chinese economic development and reform.

Table of Contents

List of figures. List of tables. Foreword to the Chinese Edition Chapter 1 Individual Rationality and Social Optimum Chapter 2 The Nash Equilibrium and the Prisoners' Dilemma Game Chapter 3 Multiple Equilibriums, Institutions, and Cultures Chapter 4 Threats and Commitments Chapter 5 Bargaining and Patience Chapter 6 Repeated Games and Cooperative Behavior Chapter 7 Incomplete Information and Reputation Chapter 8 Adverse Selection, Brands, and Regulation Chapter 9 Signaling and Social Norms Chapter 10 Mechanism Design and Income Distribution Chapter 11 Moral Hazard and Corruption Chapter 12 Evolutionary Games and the Spontaneous Order Chapter 13 Laws and Social Norms Chapter 14 Institutional Entrepreneurs and the Rules of the Game References. Index

Additional information

NLS9780367536794
9780367536794
036753679X
Game Theory and Society by Weiying Zhang (Peking University, Beijing, China)
New
Paperback
Taylor & Francis Ltd
2020-05-12
424
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
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